iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Reduced by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 6.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,829 shares of the exchange traded fund’s stock after selling 447 shares during the quarter. Twin Lakes Capital Management LLC’s holdings in iShares Gold Trust were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC increased its holdings in iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC raised its holdings in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares in the last quarter. WealthNavi Inc. lifted its stake in shares of iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after purchasing an additional 233,999 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $50.17 on Tuesday. iShares Gold Trust has a fifty-two week low of $37.40 and a fifty-two week high of $52.69. The stock’s 50-day moving average is $50.38 and its two-hundred day moving average is $47.54.

About iShares Gold Trust

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.