Mader & Shannon Wealth Management Inc. Has $26.24 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Mader & Shannon Wealth Management Inc. lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.0% in the third quarter, HoldingsChannel reports. The fund owned 527,949 shares of the exchange traded fund’s stock after selling 22,148 shares during the period. iShares Gold Trust accounts for approximately 15.3% of Mader & Shannon Wealth Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Mader & Shannon Wealth Management Inc.’s holdings in iShares Gold Trust were worth $26,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IAU. O Shaughnessy Asset Management LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth $840,000. Public Employees Retirement System of Ohio grew its stake in shares of iShares Gold Trust by 21.3% during the first quarter. Public Employees Retirement System of Ohio now owns 366,800 shares of the exchange traded fund’s stock worth $15,409,000 after purchasing an additional 64,300 shares during the period. SVB Wealth LLC grew its stake in shares of iShares Gold Trust by 7.7% during the first quarter. SVB Wealth LLC now owns 5,594 shares of the exchange traded fund’s stock worth $235,000 after purchasing an additional 399 shares during the period. Econ Financial Services Corp acquired a new stake in shares of iShares Gold Trust during the first quarter worth $1,925,000. Finally, Benchmark Investment Advisors LLC grew its stake in iShares Gold Trust by 22.7% in the first quarter. Benchmark Investment Advisors LLC now owns 8,520 shares of the exchange traded fund’s stock valued at $358,000 after acquiring an additional 1,578 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $51.08 on Friday. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69. The stock has a 50-day moving average price of $50.30 and a two-hundred day moving average price of $47.14.

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.