Sage Investment Advisers LLC Lowers Holdings in iShares Gold Trust (NYSEARCA:IAU)

Sage Investment Advisers LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,030 shares of the exchange traded fund’s stock after selling 2,700 shares during the quarter. iShares Gold Trust accounts for about 4.5% of Sage Investment Advisers LLC’s investment portfolio, making the stock its 3rd largest holding. Sage Investment Advisers LLC’s holdings in iShares Gold Trust were worth $3,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of iShares Gold Trust by 226.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock worth $236,531,000 after purchasing an additional 4,200,989 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Gold Trust by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in iShares Gold Trust by 585.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock worth $38,760,000 after purchasing an additional 946,138 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in iShares Gold Trust by 57.8% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 1,695,861 shares of the exchange traded fund’s stock valued at $66,189,000 after purchasing an additional 621,382 shares in the last quarter. Finally, Comerica Bank purchased a new position in iShares Gold Trust during the third quarter valued at $20,698,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU traded up $0.49 during midday trading on Thursday, reaching $43.95. The company had a trading volume of 1,301,486 shares, compared to its average volume of 6,410,059. The business has a 50-day moving average of $44.25 and a two-hundred day moving average of $41.33. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08.

iShares Gold Trust Company Profile

iShares Gold Trust (the Trust) is to own gold transferred to the Trust in exchange for shares issued by the Trust (Shares). Each Share represents a fractional undivided beneficial interest in the net assets of the Trust. The assets of the Trust consist of gold held by the Trust’s custodian on behalf of the Trust.