Carrera Capital Advisors Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Carrera Capital Advisors lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,878 shares of the exchange traded fund’s stock after selling 283 shares during the quarter. Carrera Capital Advisors’ holdings in iShares Gold Trust were worth $242,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC grew its position in shares of iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Gold Trust in the second quarter valued at $31,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $34,000. Pacifica Partners Inc. purchased a new stake in shares of iShares Gold Trust in the second quarter valued at about $35,000. Finally, Chris Bulman Inc acquired a new stake in shares of iShares Gold Trust during the second quarter worth about $43,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock traded down $0.43 during trading on Tuesday, hitting $49.08. The company had a trading volume of 2,571,865 shares, compared to its average volume of 6,030,734. The firm has a 50-day moving average price of $49.97 and a 200-day moving average price of $46.80. iShares Gold Trust has a 1-year low of $36.57 and a 1-year high of $52.69.

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.