Blume Capital Management Inc. Has $67,000 Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Blume Capital Management Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 50.0% during the second quarter, Holdings Channel reports. The firm owned 2,000 shares of the exchange traded fund’s stock after selling 2,000 shares during the period. Blume Capital Management Inc.’s holdings in iShares Gold Trust were worth $67,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IAU. Sargent Bickham Lagudis LLC increased its position in shares of iShares Gold Trust by 5.8% during the 1st quarter. Sargent Bickham Lagudis LLC now owns 9,909 shares of the exchange traded fund’s stock worth $161,000 after purchasing an additional 540 shares in the last quarter. Avalon Investment & Advisory raised its stake in shares of iShares Gold Trust by 1.1% in the first quarter. Avalon Investment & Advisory now owns 52,818 shares of the exchange traded fund’s stock valued at $859,000 after acquiring an additional 580 shares during the last quarter. Firethorn Wealth Partners LLC raised its stake in shares of iShares Gold Trust by 5.2% in the first quarter. Firethorn Wealth Partners LLC now owns 12,480 shares of the exchange traded fund’s stock valued at $203,000 after acquiring an additional 620 shares during the last quarter. Oarsman Capital Inc. raised its stake in shares of iShares Gold Trust by 2.3% in the first quarter. Oarsman Capital Inc. now owns 30,624 shares of the exchange traded fund’s stock valued at $498,000 after acquiring an additional 700 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of iShares Gold Trust by 0.4% in the first quarter. Avantax Advisory Services Inc. now owns 191,221 shares of the exchange traded fund’s stock valued at $3,102,000 after acquiring an additional 760 shares during the last quarter. Institutional investors own 56.47% of the company’s stock.

Shares of NYSEARCA:IAU traded down $0.17 during midday trading on Wednesday, reaching $34.20. The company’s stock had a trading volume of 88,652 shares, compared to its average volume of 10,781,085. iShares Gold Trust has a fifty-two week low of $31.94 and a fifty-two week high of $37.60. The business’s fifty day simple moving average is $34.24 and its 200-day simple moving average is $34.02.

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

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