MONECO Advisors LLC Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

MONECO Advisors LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,722 shares of the exchange traded fund’s stock after selling 2,512 shares during the period. MONECO Advisors LLC’s holdings in iShares Gold Trust were worth $536,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IAU. ORG Partners LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at $28,000. Pingora Partners LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $31,000. Signature Resources Capital Management LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $32,000. North Star Investment Management Corp. grew its stake in iShares Gold Trust by 125.7% in the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 479 shares during the last quarter. Finally, Chilton Capital Management LLC grew its stake in iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 542 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.5 %

IAU opened at $43.85 on Tuesday. The business’s 50-day moving average is $44.32 and its two-hundred day moving average is $41.09. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08.

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.