King Luther Capital Management Corp Lowers Holdings in iShares Gold Trust (NYSEARCA:IAU)

King Luther Capital Management Corp reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,298 shares of the exchange traded fund’s stock after selling 2,724 shares during the period. King Luther Capital Management Corp’s holdings in iShares Gold Trust were worth $1,059,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IAU. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after acquiring an additional 142,487 shares during the period. Empower Advisory Group LLC increased its holdings in 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 worth $741,610,000 after purchasing an additional 111,210 shares during the period. WealthNavi Inc. raised its position in 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Gold Trust by 15.8% during 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 buying an additional 479,796 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of iShares Gold Trust by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock worth $152,207,000 after buying an additional 23,058 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.3 %

Shares of iShares Gold Trust stock opened at $51.08 on Friday. iShares Gold Trust has a 52-week low of $37.40 and a 52-week high of $52.69. The company has a 50 day moving average of $50.30 and a 200 day moving average of $47.14.

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.