Dynamic Advisor Solutions LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 60.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 189,075 shares of the exchange traded fund’s stock after selling 284,555 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares Gold Trust were worth $6,374,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $314,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $284,000. Valley Forge Investment Consultants Inc. ADV bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $237,000. First Horizon Advisors Inc. raised its position in shares of iShares Gold Trust by 673.5% during the second quarter. First Horizon Advisors Inc. now owns 12,352 shares of the exchange traded fund’s stock valued at $416,000 after buying an additional 10,755 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its position in shares of iShares Gold Trust by 545.8% during the second quarter. Jaffetilchin Investment Partners LLC now owns 90,964 shares of the exchange traded fund’s stock valued at $1,649,000 after buying an additional 76,878 shares during the last quarter. Institutional investors own 56.47% of the company’s stock.
Shares of iShares Gold Trust stock traded down $0.22 on Wednesday, hitting $34.15. 238,058 shares of the company traded hands, compared to its average volume of 10,781,085. iShares Gold Trust has a 52 week low of $31.94 and a 52 week high of $37.60. The business has a 50-day simple moving average of $34.24 and a 200 day simple moving average of $34.02.
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.
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