Pullen Investment Management LLC Cuts Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Pullen Investment Management LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.4% during the 1st quarter, Holdings Channel reports. The firm owned 5,856 shares of the exchange traded fund’s stock after selling 469 shares during the quarter. Pullen Investment Management LLC’s holdings in iShares Gold Trust were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Tucker Asset Management LLC raised its position in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in iShares Gold Trust in the fourth quarter worth $28,000. Wintrust Investments LLC bought a new position in iShares Gold Trust in the fourth quarter valued at $29,000. Wood Tarver Financial Group LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $31,000. Finally, Orion Capital Management LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $33,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.3%

Shares of IAU stock opened at $64.74 on Friday. The business has a 50-day moving average price of $62.12 and a two-hundred day moving average price of $56.19. iShares Gold Trust has a 12-month low of $43.35 and a 12-month high of $65.00. The firm has a market cap of $47.65 billion, a P/E ratio of -38.57 and a beta of 0.12.

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.