TMD Wealth Management LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 59.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 232,411 shares of the exchange traded fund’s stock after selling 347,339 shares during the period. iShares Gold Trust comprises approximately 3.4% of TMD Wealth Management LLC’s holdings, making the stock its 10th largest position. TMD Wealth Management LLC’s holdings in iShares Gold Trust were worth $7,835,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Rain Capital Management LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter worth about $32,000. Black Swift Group LLC bought a new position in shares of iShares Gold Trust in the 1st quarter worth about $33,000. Trustcore Financial Services LLC raised its position in shares of iShares Gold Trust by 799.1% in the 2nd quarter. Trustcore Financial Services LLC now owns 1,025 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 911 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of iShares Gold Trust in the 1st quarter worth about $38,000. Finally, Mizuho Securities Co. Ltd. bought a new position in shares of iShares Gold Trust in the 2nd quarter worth about $44,000. 56.47% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust stock traded down $0.25 during midday trading on Wednesday, reaching $34.12. The stock had a trading volume of 178,277 shares, compared to its average volume of 10,781,085. iShares Gold Trust has a 12 month low of $31.94 and a 12 month high of $37.60. The company has a fifty day moving average price of $34.24 and a two-hundred day moving average price 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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