Cyndeo Wealth Partners LLC Sells 21,133 Shares of iShares Gold Trust (NYSEARCA:IAU)

Cyndeo Wealth Partners LLC decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,209 shares of the exchange traded fund’s stock after selling 21,133 shares during the period. iShares Gold Trust accounts for approximately 1.0% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 23rd biggest holding. Cyndeo Wealth Partners LLC’s holdings in iShares Gold Trust were worth $14,418,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $683,000. Smith Thornton Advisors LLC bought a new position in iShares Gold Trust in the 2nd quarter valued at $2,154,000. Arkos Global Advisors boosted its position in iShares Gold Trust by 8.5% in the 2nd quarter. Arkos Global Advisors now owns 213,859 shares of the exchange traded fund’s stock valued at $9,395,000 after buying an additional 16,760 shares during the last quarter. SkyView Investment Advisors LLC increased its stake in shares of iShares Gold Trust by 0.7% in the 2nd quarter. SkyView Investment Advisors LLC now owns 484,854 shares of the exchange traded fund’s stock valued at $21,300,000 after buying an additional 3,177 shares during the period. Finally, Kitching Partners LLC lifted its stake in shares of iShares Gold Trust by 5.8% during the second quarter. Kitching Partners LLC now owns 73,990 shares of the exchange traded fund’s stock valued at $3,250,000 after acquiring an additional 4,037 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of IAU opened at $52.31 on Friday. The stock’s fifty day simple moving average is $50.09 and its 200-day simple moving average is $48.90. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.