iShares Gold Trust (IAU) Stake Lowered by Baird Financial Group Inc.

Baird Financial Group Inc. decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 18.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 304,092 shares of the exchange traded fund’s stock after selling 69,754 shares during the quarter. Baird Financial Group Inc.’s holdings in iShares Gold Trust were worth $3,467,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Frontier Investment Mgmt Co. acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $115,000. Brookstone Capital Management acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $118,000. Arkansas Financial Group Inc. acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $120,000. Winthrop Advisory Group LLC acquired a new stake in iShares Gold Trust in the 2nd quarter valued at $144,000. Finally, Signaturefd LLC acquired a new stake in iShares Gold Trust in the 2nd quarter valued at $167,000.

NYSEARCA IAU opened at $11.96 on Friday. iShares Gold Trust has a 12-month low of $11.25 and a 12-month high of $13.11.

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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.

Read More: Cash Flow

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

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