Avior Wealth Management LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 53,942 shares of the exchange traded fund’s stock after selling 1,653 shares during the quarter. Avior Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,105,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Gold Trust in the third quarter valued at $26,000. ORG Partners LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $28,000. Financial Freedom LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $30,000. North Star Investment Management Corp. lifted its holdings in shares of iShares Gold Trust by 125.7% in the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 479 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its holdings in shares of iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 542 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
IAU opened at $45.24 on Wednesday. The stock has a fifty day moving average of $40.78 and a 200-day moving average of $38.81. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98.
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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