iShares Gold Trust $IAU Stock Holdings Reduced by Verger Capital Management LLC

Verger Capital Management LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,184 shares of the exchange traded fund’s stock after selling 6,775 shares during the period. iShares Gold Trust accounts for about 5.8% of Verger Capital Management LLC’s holdings, making the stock its 7th biggest position. Verger Capital Management LLC’s holdings in iShares Gold Trust were worth $14,728,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new position in iShares Gold Trust in the first quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust during the first quarter worth approximately $27,000. Dunhill Financial LLC grew its position in shares of iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust during the first quarter worth approximately $29,000. Finally, North Capital Inc. purchased a new position in shares of iShares Gold Trust during the first quarter worth approximately $34,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 1.0%

Shares of IAU opened at $75.58 on Friday. The firm has a market cap of $62.36 billion, a PE ratio of 5.53 and a beta of 0.15. The company’s 50 day simple moving average is $67.72 and its 200-day simple moving average is $63.97. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $76.49.

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.