Wealth Alliance Lowers Stake in iShares Gold Trust (NYSEARCA:IAU)

Wealth Alliance lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,698 shares of the exchange traded fund’s stock after selling 701 shares during the period. Wealth Alliance’s holdings in iShares Gold Trust were worth $3,696,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PFG Advisors lifted its holdings in shares of iShares Gold Trust by 3.7% during the 4th 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 last quarter. Kingswood Wealth Advisors LLC increased 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 valued at $762,000 after acquiring an additional 13,101 shares during the period. Hsbc Holdings PLC increased 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 valued at $3,482,000 after acquiring an additional 6,263 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of iShares Gold Trust by 57.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 205,700 shares of the exchange traded fund’s stock valued at $7,197,000 after acquiring an additional 75,200 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of iShares Gold Trust by 96.8% in the 3rd quarter. Wellington Management Group LLP now owns 275,900 shares of the exchange traded fund’s stock valued at $9,654,000 after acquiring an additional 135,700 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 NYSEARCA IAU traded up $0.12 during mid-day trading on Tuesday, hitting $45.25. The stock had a trading volume of 14,285,701 shares, compared to its average volume of 6,695,688. The company has a 50 day moving average of $40.64 and a two-hundred day moving average of $38.74. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98.

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.