iShares Gold Trust (NYSEARCA:IAU) Stock Position Decreased by Mengis Capital Management Inc.

Mengis Capital Management Inc. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,351 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. Mengis Capital Management Inc.’s holdings in iShares Gold Trust were worth $3,434,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IAU. International Assets Investment Management LLC increased its stake in iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after acquiring an additional 229,303 shares during the period. Arkadios Wealth Advisors increased its stake in shares of iShares Gold Trust by 14.6% in the third quarter. Arkadios Wealth Advisors now owns 14,687 shares of the exchange traded fund’s stock valued at $730,000 after buying an additional 1,875 shares in the last quarter. Modera Wealth Management LLC lifted its position in shares of iShares Gold Trust by 1.5% during the third quarter. Modera Wealth Management LLC now owns 64,124 shares of the exchange traded fund’s stock worth $3,187,000 after purchasing an additional 942 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its holdings in iShares Gold Trust by 1.7% in the third quarter. Riggs Asset Managment Co. Inc. now owns 17,057 shares of the exchange traded fund’s stock valued at $848,000 after acquiring an additional 279 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of iShares Gold Trust by 4.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 43,414 shares of the exchange traded fund’s stock worth $2,158,000 after buying an additional 1,936 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $55.68 on Tuesday. The firm has a fifty day moving average of $51.86 and a 200-day moving average of $50.27. iShares Gold Trust has a 12-month low of $38.31 and a 12-month high of $55.70.

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.