Osaic Holdings Inc. Sells 457,585 Shares of iShares Gold Trust (NYSEARCA:IAU)

Osaic Holdings Inc. reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 24.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,385,307 shares of the exchange traded fund’s stock after selling 457,585 shares during the period. Osaic Holdings Inc.’s holdings in iShares Gold Trust were worth $58,203,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TIAA Trust National Association grew its stake in shares of iShares Gold Trust by 25.4% in the first quarter. TIAA Trust National Association now owns 536,225 shares of the exchange traded fund’s stock valued at $22,527,000 after buying an additional 108,561 shares in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in iShares Gold Trust during the 1st quarter valued at $210,000. Bright Financial Advisors Inc. acquired a new stake in iShares Gold Trust during the 1st quarter valued at $833,000. Motco lifted its holdings in iShares Gold Trust by 0.5% during the 1st quarter. Motco now owns 72,457 shares of the exchange traded fund’s stock valued at $3,044,000 after purchasing an additional 356 shares during the last quarter. Finally, Kure Advisory LLC lifted its holdings in iShares Gold Trust by 3.8% during the 1st quarter. Kure Advisory LLC now owns 107,761 shares of the exchange traded fund’s stock valued at $4,527,000 after purchasing an additional 3,916 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.1 %

iShares Gold Trust stock traded down $0.03 during mid-day trading on Monday, hitting $45.29. 2,429,175 shares of the company’s stock traded hands, compared to its average volume of 6,156,521. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.93. The firm has a 50 day simple moving average of $44.56 and a two-hundred day simple moving average of $42.13.

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.