Summit Trail Advisors LLC Sells 177,859 Shares of iShares Gold Trust (NYSEARCA:IAU)

Summit Trail Advisors LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 56.8% in the 4th quarter, HoldingsChannel reports. The fund owned 135,304 shares of the exchange traded fund’s stock after selling 177,859 shares during the period. Summit Trail Advisors LLC’s holdings in iShares Gold Trust were worth $5,281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in IAU. ORG Partners LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $28,000. Signature Resources Capital Management LLC bought a new stake in iShares Gold Trust during the 4th quarter valued at $32,000. North Star Investment Management Corp. boosted its position in shares of iShares Gold Trust by 125.7% in the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 479 shares in the last quarter. Chilton Capital Management LLC lifted its position in iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 542 shares during the period. Finally, GAMMA Investing LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $38,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded down $0.10 on Tuesday, hitting $43.85. The company’s stock had a trading volume of 1,459,642 shares, compared to its average volume of 6,914,975. The firm has a fifty day moving average price of $42.43 and a 200-day moving average price of $39.66. iShares Gold Trust has a 1 year low of $34.35 and a 1 year 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.