McAdam LLC Sells 4,531 Shares of iShares Gold Trust (NYSEARCA:IAU)

McAdam LLC cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,605 shares of the exchange traded fund’s stock after selling 4,531 shares during the period. McAdam LLC’s holdings in iShares Gold Trust were worth $492,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $28,000. North Star Investment Management Corp. boosted its holdings in iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 479 shares during the period. Chilton Capital Management LLC lifted its position in shares of iShares Gold Trust by 162.8% during the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 542 shares during the last quarter. GAMMA Investing LLC bought a new stake in iShares Gold Trust during the 4th quarter valued at about $38,000. Finally, Tompkins Financial Corp bought a new stake in iShares Gold Trust during the 4th quarter valued at about $57,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $44.17 on Tuesday. The company’s 50-day simple moving average is $41.91 and its two-hundred day simple moving average is $39.41. iShares Gold Trust has a one year low of $34.35 and a one year high of $45.98.

About iShares Gold Trust

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.