Stratos Wealth Partners LTD. Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Stratos Wealth Partners LTD. lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 145,548 shares of the exchange traded fund’s stock after selling 13,009 shares during the period. Stratos Wealth Partners LTD.’s holdings in iShares Gold Trust were worth $7,206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Independent Family Office LLC lifted its position in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after buying an additional 16,827 shares during the last quarter. Silverleafe Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares in the last quarter. Merit Financial Group LLC grew its position in shares of iShares Gold Trust by 177.6% in the 4th quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock worth $2,552,000 after buying an additional 32,975 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of iShares Gold Trust by 4,843.7% during the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after acquiring an additional 229,303 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $54.02 on Thursday. The firm has a 50 day moving average of $50.54 and a 200 day moving average of $49.34. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $54.40.

About iShares Gold Trust

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.