Wilbanks Smith & Thomas Asset Management LLC Cuts Position in iShares Gold Trust(ETF) (IAU)

Wilbanks Smith & Thomas Asset Management LLC trimmed its holdings in shares of iShares Gold Trust(ETF) (NYSEARCA:IAU) by 10.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,240 shares of the exchange traded fund’s stock after selling 8,545 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in iShares Gold Trust(ETF) were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IAU. Hanson McClain Inc. increased its holdings in iShares Gold Trust(ETF) by 38.0% during the second quarter. Hanson McClain Inc. now owns 8,654 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 2,382 shares during the period. BDO Wealth Advisors LLC purchased a new position in iShares Gold Trust(ETF) during the second quarter valued at approximately $116,000. Pinnacle Associates Ltd. purchased a new position in iShares Gold Trust(ETF) during the second quarter valued at approximately $122,000. Courage Miller Partners LLC purchased a new position in iShares Gold Trust(ETF) during the second quarter valued at approximately $123,000. Finally, Allegis Investment Advisors LLC purchased a new position in iShares Gold Trust(ETF) during the second quarter valued at approximately $127,000.

Shares of iShares Gold Trus (NYSEARCA:IAU) traded up 0.40% during trading on Tuesday, reaching $12.40. 4,482,280 shares of the company traded hands. iShares Gold Trus has a 52 week low of $10.81 and a 52 week high of $12.98. The firm’s 50 day moving average price is $12.53 and its 200-day moving average price is $12.19.

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iShares Gold Trust(ETF) 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.

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

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