Mengis Capital Management Inc. Sells 1,190 Shares of iShares Gold Trust $IAU

Mengis Capital Management Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the 2nd quarter, Holdings Channel reports. The firm owned 68,106 shares of the exchange traded fund’s stock after selling 1,190 shares during the period. Mengis Capital Management Inc.’s holdings in iShares Gold Trust were worth $4,247,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 245 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in iShares Gold Trust in the 1st quarter worth approximately $267,000. Kingswood Wealth Advisors LLC increased its stake in iShares Gold Trust by 192.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after acquiring an additional 59,706 shares during the last quarter. McAdam LLC increased its stake in iShares Gold Trust by 4.6% in the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after acquiring an additional 341 shares during the last quarter. Finally, Summit Financial LLC increased its stake in iShares Gold Trust by 232.6% in the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after acquiring an additional 195,640 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $74.83 on Friday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49. The stock’s 50 day simple moving average is $67.48 and its two-hundred day simple moving average is $63.84. The company has a market cap of $61.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.