Covenant Multifamily Offices LLC Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Covenant Multifamily Offices LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 60.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,505 shares of the exchange traded fund’s stock after selling 24,760 shares during the period. Covenant Multifamily Offices LLC’s holdings in iShares Gold Trust were worth $204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Osborn Williams & Donohoe LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at approximately $472,000. Spinnaker Trust acquired a new position in shares of iShares Gold Trust in the first quarter worth $14,444,000. Whittier Trust Co. of Nevada Inc. increased its stake in iShares Gold Trust by 15.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 139,709 shares of the exchange traded fund’s stock valued at $1,729,000 after purchasing an additional 18,920 shares during the last quarter. CENTRAL TRUST Co increased its stake in iShares Gold Trust by 20.2% in the first quarter. CENTRAL TRUST Co now owns 4,841,095 shares of the exchange traded fund’s stock valued at $59,933,000 after purchasing an additional 812,023 shares during the last quarter. Finally, Hochman Cole Investment Advisors Inc. increased its stake in iShares Gold Trust by 22.8% in the first quarter. Hochman Cole Investment Advisors Inc. now owns 43,736 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 8,111 shares during the last quarter.

iShares Gold Trust stock remained flat at $$12.19 during trading on Wednesday. The company had a trading volume of 7,501,225 shares, compared to its average volume of 14,308,466. iShares Gold Trust has a 52-week low of $11.25 and a 52-week high of $12.90.

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iShares Gold Trust 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.

See Also: Understanding Price to Earnings Ratio (PE)

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

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