American Trust Sells 3,211 Shares of iShares Gold Trust (NYSEARCA:IAU)

American Trust reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,730 shares of the exchange traded fund’s stock after selling 3,211 shares during the quarter. American Trust’s holdings in iShares Gold Trust were worth $341,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. PFG Advisors grew its position in shares of iShares Gold Trust by 3.7% in the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after buying an additional 754 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position 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 worth $762,000 after buying an additional 13,101 shares during the last quarter. Hsbc Holdings PLC grew its position 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 worth $3,482,000 after buying an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $544,000. Finally, Geneos Wealth Management Inc. grew its position 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 worth $119,000 after buying an additional 282 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 1.3 %

Shares of IAU stock opened at $44.08 on Friday. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.08. The business’s 50 day moving average price is $44.33 and its 200-day moving average price is $41.03.

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.