SignalPoint Asset Management LLC Lowers Stock Position in iShares Gold Trust (NYSEARCA:IAU)

SignalPoint Asset Management LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAUGet Rating) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 42,897 shares of the exchange traded fund’s stock after selling 480 shares during the quarter. SignalPoint Asset Management LLC’s holdings in iShares Gold Trust were worth $1,580,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Merriman Wealth Management LLC lifted its holdings in iShares Gold Trust by 24.6% in the 1st quarter. Merriman Wealth Management LLC now owns 9,728 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 1,920 shares in the last quarter. TIAA FSB lifted its holdings in iShares Gold Trust by 0.6% in the 1st quarter. TIAA FSB now owns 799,059 shares of the exchange traded fund’s stock worth $29,429,000 after purchasing an additional 4,377 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in iShares Gold Trust by 63.3% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 1,032 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 400 shares in the last quarter. Cape Cod Five Cents Savings Bank purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $565,000. Finally, Atria Investments LLC raised its holdings in shares of iShares Gold Trust by 9.0% during the 1st quarter. Atria Investments LLC now owns 97,761 shares of the exchange traded fund’s stock worth $3,601,000 after acquiring an additional 8,032 shares in the last quarter. 53.09% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.1 %

Shares of IAU traded down $0.37 during mid-day trading on Friday, hitting $33.68. 5,490,927 shares of the stock were exchanged, compared to its average volume of 6,169,818. iShares Gold Trust has a 52-week low of $32.20 and a 52-week high of $39.36. The firm has a 50-day moving average of $33.97 and a two-hundred day moving average of $35.30.

iShares Gold Trust Company Profile

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

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