Advantage Trust Co lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 20.2% during the 4th quarter, HoldingsChannel reports. The fund owned 3,272 shares of the exchange traded fund’s stock after selling 830 shares during the quarter. Advantage Trust Co’s holdings in iShares Gold Trust were worth $162,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the 4th quarter worth about $27,000. Archer Investment Corp raised its stake in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its stake in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Down 0.1 %
IAU opened at $55.39 on Friday. The company has a fifty day moving average price of $51.64 and a two-hundred day moving average price of $50.06. iShares Gold Trust has a 52 week low of $38.21 and a 52 week high of $55.60.
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.
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