Mackay Shields LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 50.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 929,500 shares of the exchange traded fund’s stock after selling 929,500 shares during the period. Mackay Shields LLC owned about 0.11% of iShares Gold Trust worth $31,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clarity Financial LLC grew its holdings in shares of iShares Gold Trust by 185.5% during the second quarter. Clarity Financial LLC now owns 95,742 shares of the exchange traded fund’s stock worth $3,227,000 after buying an additional 62,213 shares in the last quarter. Liberty Wealth Management LLC lifted its holdings in iShares Gold Trust by 4,665.6% in the second quarter. Liberty Wealth Management LLC now owns 3,492,390 shares of the exchange traded fund’s stock valued at $103,697,000 after acquiring an additional 3,419,106 shares during the last quarter. Alaethes Wealth LLC acquired a new position in iShares Gold Trust in the second quarter valued at approximately $25,000. Prime Capital Investment Advisors LLC lifted its holdings in iShares Gold Trust by 62.0% in the second quarter. Prime Capital Investment Advisors LLC now owns 62,100 shares of the exchange traded fund’s stock valued at $2,093,000 after acquiring an additional 23,771 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in iShares Gold Trust in the second quarter valued at approximately $216,000. Hedge funds and other institutional investors own 56.47% of the company’s stock.
NYSEARCA:IAU traded up $0.08 during trading hours on Thursday, reaching $34.19. 245,041 shares of the stock were exchanged, compared to its average volume of 9,028,919. iShares Gold Trust has a twelve month low of $31.94 and a twelve month high of $37.30. The business has a 50-day moving average of $33.83 and a two-hundred day moving average of $34.11.
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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