Verus Capital Partners LLC Lowers Stock Holdings in iShares Gold Trust $IAU

Verus Capital Partners LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 36.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,985 shares of the exchange traded fund’s stock after selling 8,030 shares during the quarter. Verus Capital Partners LLC’s holdings in iShares Gold Trust were worth $872,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Diversified Enterprises LLC grew its holdings in shares of iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 163 shares in the last quarter. Red Mountain Financial LLC boosted its position in iShares Gold Trust by 0.4% in the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after buying an additional 165 shares during the period. New Hampshire Trust grew its stake in shares of iShares Gold Trust by 4.2% in the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after acquiring an additional 171 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its position in shares of iShares Gold Trust by 1.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 173 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of iShares Gold Trust by 0.3% in the second quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock valued at $3,803,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.4%

NYSEARCA:IAU opened at $77.80 on Wednesday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The firm has a market cap of $64.11 billion, a PE ratio of 5.53 and a beta of 0.09. The stock has a fifty day moving average price of $73.55 and a 200 day moving average price of $66.70.

About iShares Gold Trust

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.