iShares Gold Trust (NYSEARCA:IAU) is Meridian Investment Counsel Inc.’s 6th Largest Position

Meridian Investment Counsel Inc. trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,843 shares of the exchange traded fund’s stock after selling 1,739 shares during the period. iShares Gold Trust accounts for approximately 1.9% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 6th biggest holding. Meridian Investment Counsel Inc.’s holdings in iShares Gold Trust were worth $6,205,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCP Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 195 shares during the period. Baker Avenue Asset Management LP raised its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the last quarter. Howard Financial Services LTD. increased its stake in iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 220 shares in the last quarter. Avaii Wealth Management LLC raised its holdings in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after acquiring an additional 249 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2 %

Shares of NYSEARCA:IAU opened at $48.37 on Friday. The business’s 50 day moving average price is $50.08 and its 200-day moving average price is $46.89. iShares Gold Trust has a 1 year low of $37.21 and a 1 year high of $52.69.

iShares Gold Trust 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.