Gibson Capital LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 16.5% in the 1st quarter, HoldingsChannel reports. The fund owned 882,341 shares of the exchange traded fund’s stock after selling 174,197 shares during the period. iShares Gold Trust comprises approximately 3.6% of Gibson Capital LLC’s holdings, making the stock its 6th largest position. Gibson Capital LLC’s holdings in iShares Gold Trust were worth $10,867,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Morgan Stanley increased its position in iShares Gold Trust by 19.2% in the 3rd quarter. Morgan Stanley now owns 17,674,165 shares of the exchange traded fund’s stock valued at $202,016,000 after buying an additional 2,845,739 shares in the last quarter. Deutsche Bank AG bought a new stake in iShares Gold Trust in the 4th quarter valued at about $34,306,000. Elephas Investment Management Ltd bought a new stake in iShares Gold Trust in the 4th quarter valued at about $31,340,000. Bailard Inc. bought a new stake in iShares Gold Trust in the 4th quarter valued at about $29,207,000. Finally, Nadler Financial Group Inc. increased its position in iShares Gold Trust by 2,623.1% in the 1st quarter. Nadler Financial Group Inc. now owns 1,834,009 shares of the exchange traded fund’s stock valued at $22,705,000 after buying an additional 1,766,659 shares in the last quarter.
iShares Gold Trust stock traded down $0.04 during midday trading on Wednesday, reaching $12.19. The stock had a trading volume of 102,412 shares, compared to its average volume of 14,349,943. iShares Gold Trust has a 12 month low of $11.25 and a 12 month high of $13.02.
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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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