Bingham Osborn & Scarborough LLC Lowers Position in iShares Gold Trust (NYSEARCA:IAU)

Bingham Osborn & Scarborough LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 11.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 344,272 shares of the exchange traded fund’s stock after selling 42,911 shares during the period. iShares Gold Trust accounts for approximately 0.4% of Bingham Osborn & Scarborough LLC’s portfolio, making the stock its 25th largest holding. Bingham Osborn & Scarborough LLC’s holdings in iShares Gold Trust were worth $4,854,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IAU. Capital Investment Advisory Services LLC increased its stake in iShares Gold Trust by 50.0% in the third quarter. Capital Investment Advisory Services LLC now owns 2,149 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 716 shares during the last quarter. Destination Wealth Management increased its stake in iShares Gold Trust by 90.4% in the second quarter. Destination Wealth Management now owns 2,393 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 1,136 shares during the last quarter. JFS Wealth Advisors LLC bought a new position in iShares Gold Trust in the third quarter valued at $46,000. Optimum Investment Advisors increased its stake in iShares Gold Trust by 52.0% in the third quarter. Optimum Investment Advisors now owns 3,800 shares of the exchange traded fund’s stock valued at $54,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Parallel Advisors LLC increased its stake in iShares Gold Trust by 127.9% in the second quarter. Parallel Advisors LLC now owns 3,877 shares of the exchange traded fund’s stock valued at $52,000 after acquiring an additional 2,176 shares during the last quarter.

IAU traded down $0.08 during trading on Friday, reaching $13.95. The stock had a trading volume of 14,967,599 shares, compared to its average volume of 18,158,650. iShares Gold Trust has a one year low of $11.49 and a one year high of $14.90. The business has a 50-day moving average of $14.32 and a 200-day moving average of $13.61.

iShares Gold Trust Company 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.

Further Reading: Diversification Important in Investing

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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