Trustmark National Bank Trust Department lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Get Rating) by 23.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,050 shares of the exchange traded fund's stock after selling 5,657 shares during the quarter. Trustmark National Bank Trust Department's holdings in iShares Gold Trust were worth $665,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Claraphi Advisory Network LLC increased its holdings in iShares Gold Trust by 116.9% in the 1st quarter. Claraphi Advisory Network LLC now owns 16,780 shares of the exchange traded fund's stock worth $618,000 after buying an additional 9,042 shares during the period. Okabena Investment Services Inc. purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $6,343,000. Laidlaw Wealth Management LLC boosted its position in iShares Gold Trust by 1.9% in the 1st quarter. Laidlaw Wealth Management LLC now owns 117,640 shares of the exchange traded fund's stock worth $4,333,000 after purchasing an additional 2,167 shares in the last quarter. CI Investments Inc. boosted its position in iShares Gold Trust by 27.8% in the 1st quarter. CI Investments Inc. now owns 110,617 shares of the exchange traded fund's stock worth $4,074,000 after purchasing an additional 24,088 shares in the last quarter. Finally, Biltmore Family Office LLC boosted its position in iShares Gold Trust by 8.6% in the 1st quarter. Biltmore Family Office LLC now owns 764,805 shares of the exchange traded fund's stock worth $28,168,000 after purchasing an additional 60,663 shares in the last quarter. Institutional investors and hedge funds own 59.24% of the company's stock.
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iShares Gold Trust stock opened at $32.21 on Thursday. iShares Gold Trust has a 12 month low of $32.20 and a 12 month high of $39.36. The stock's 50 day simple moving average is $33.39 and its two-hundred day simple moving average is $35.14.
About iShares Gold Trust
(Get Rating)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.
Further Reading
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