Augustine Asset Management Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,035 shares of the exchange traded fund’s stock after selling 12,605 shares during the quarter. Augustine Asset Management Inc.’s holdings in iShares Gold Trust were worth $1,155,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Financial Advantage Inc. bought a new stake in iShares Gold Trust in the fourth quarter worth about $41,000. Essex Savings Bank bought a new stake in iShares Gold Trust in the fourth quarter worth about $47,000. Duncker Streett & Co. Inc. bought a new stake in iShares Gold Trust in the fourth quarter worth about $61,000. Financial Gravity Companies Inc. bought a new stake in iShares Gold Trust in the fourth quarter worth about $73,000. Finally, Mackey Komara & Dankovich LLC bought a new stake in iShares Gold Trust in the fourth quarter worth about $90,000.
Shares of IAU opened at $12.51 on Thursday. iShares Gold Trust has a 1-year low of $11.25 and a 1-year high of $13.11.
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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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