iShares Gold Trust (NYSEARCA:IAU) Shares Sold by James Investment Research Inc.

by · The Cerbat Gem

James Investment Research Inc. lessened its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 0.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 359,662 shares of the exchange traded fund’s stock after selling 202 shares during the quarter. iShares Gold Trust accounts for approximately 2.7% of James Investment Research Inc.’s investment portfolio, making the stock its 4th largest holding. James Investment Research Inc.’s holdings in iShares Gold Trust were worth $21,206,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tucker Asset Management LLC grew its position in iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 263 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust during the 1st quarter valued at about $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust in the first quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares Gold Trust in the fourth quarter valued at about $28,000. Finally, Dunhill Financial LLC grew its stake in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.4%

NYSEARCA:IAU opened at $62.78 on Wednesday. The stock has a market capitalization of $47.43 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $44.46 and a 1 year high of $65.00. The firm has a 50 day moving average of $62.70 and a 200-day moving average of $58.24.

iShares Gold Trust Company Profile

(Free Report)

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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