Global Retirement Partners LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 31.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 4,319 shares of the exchange traded fund’s stock after selling 2,000 shares during the quarter. Global Retirement Partners LLC’s holdings in iShares Gold Trust were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Semmax Financial Advisors Inc. bought a new position in iShares Gold Trust in the 4th quarter worth approximately $34,000. Investors Research Corp bought a new position in iShares Gold Trust in the 1st quarter worth approximately $35,000. Larson Financial Group LLC bought a new position in iShares Gold Trust in the 4th quarter worth approximately $38,000. Financial Advantage Inc. bought a new position in iShares Gold Trust in the 4th quarter worth approximately $41,000. Finally, Financial Management Professionals Inc. grew its holdings in iShares Gold Trust by 89.1% in the 1st quarter. Financial Management Professionals Inc. now owns 3,396 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 1,600 shares in the last quarter.
Shares of IAU stock opened at $12.22 on Monday. iShares Gold Trust has a 12-month low of $11.25 and a 12-month high of $12.90.
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.
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