iShares Gold Trust (NYSEARCA:IAU) Stake Reduced by WESCAP Management Group Inc.

WESCAP Management Group Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 451,670 shares of the exchange traded fund’s stock after selling 4,876 shares during the quarter. iShares Gold Trust accounts for 5.7% of WESCAP Management Group Inc.’s holdings, making the stock its 4th largest holding. WESCAP Management Group Inc. owned 0.07% of iShares Gold Trust worth $17,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PFG Advisors raised its position in iShares Gold Trust by 3.7% in the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 754 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 203.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after buying an additional 13,101 shares during the period. Hsbc Holdings PLC raised its holdings in shares of iShares Gold Trust by 6.7% in the 3rd quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after buying an additional 6,263 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $544,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of iShares Gold Trust by 10.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 282 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock traded down $0.03 on Friday, hitting $43.52. The stock had a trading volume of 10,297,347 shares, compared to its average volume of 10,135,161. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98. The company’s 50 day moving average price is $42.32 and its 200-day moving average price is $39.59.

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.