Forbes J M & Co. LLP Lowers Stake in iShares Gold Trust (NYSEARCA:IAU)

Forbes J M & Co. LLP lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,384,211 shares of the exchange traded fund’s stock after selling 5,787 shares during the quarter. iShares Gold Trust comprises 6.7% of Forbes J M & Co. LLP’s investment portfolio, making the stock its largest holding. Forbes J M & Co. LLP owned approximately 0.22% of iShares Gold Trust worth $68,795,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Panoramic Investment Advisors LLC bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at $265,000. Leonard Rickey Investment Advisors P.L.L.C. lifted its holdings in shares of iShares Gold Trust by 188.2% in the first quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 240,083 shares of the exchange traded fund’s stock worth $10,086,000 after buying an additional 156,790 shares in the last quarter. Woodmont Investment Counsel LLC boosted its position in shares of iShares Gold Trust by 13.4% in the first quarter. Woodmont Investment Counsel LLC now owns 7,452 shares of the exchange traded fund’s stock valued at $313,000 after acquiring an additional 881 shares during the period. Saxon Interests Inc. purchased a new position in iShares Gold Trust during the first quarter valued at approximately $203,000. Finally, Altiora Financial Group LLC increased its holdings in iShares Gold Trust by 17.0% during the 1st quarter. Altiora Financial Group LLC now owns 196,079 shares of the exchange traded fund’s stock worth $8,237,000 after acquiring an additional 28,477 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU traded down $0.02 on Monday, hitting $51.78. The stock had a trading volume of 928,006 shares, compared to its average volume of 5,897,851. The firm has a 50-day moving average of $49.09 and a 200-day moving average of $46.28. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $51.92.

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.