Brave Asset Management Inc. Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Brave Asset Management Inc. decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 70.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,843 shares of the exchange traded fund’s stock after selling 370,693 shares during the period. iShares Gold Trust makes up 2.4% of Brave Asset Management Inc.’s portfolio, making the stock its 12th biggest position. Brave Asset Management Inc.’s holdings in iShares Gold Trust were worth $7,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. TCP Asset Management LLC lifted its holdings in iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares in the last quarter. Baker Avenue Asset Management LP lifted its stake in shares of iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 215 shares in the last quarter. SeaCrest Wealth Management LLC boosted its holdings in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares during the last quarter. Howard Financial Services LTD. grew its stake in iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after purchasing an additional 220 shares in the last quarter. Finally, Avaii Wealth Management LLC increased its holdings in iShares Gold Trust by 1.7% during the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8 %

iShares Gold Trust stock opened at $50.91 on Thursday. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69. The stock has a 50 day moving average of $49.85 and a 200-day moving average of $48.62.

iShares Gold Trust 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.