Choreo LLC Sells 16,543 Shares of iShares Gold Trust (NYSEARCA:IAU)

Choreo LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,659 shares of the exchange traded fund’s stock after selling 16,543 shares during the quarter. Choreo LLC’s holdings in iShares Gold Trust were worth $4,982,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IAU. Archer Investment Corp raised its stake in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners bought a new stake in iShares Gold Trust during the fourth quarter worth $33,000. Valued Wealth Advisors LLC raised its position in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares during the last quarter. Independence Bank of Kentucky bought a new position in iShares Gold Trust during the 4th quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $54.02 on Thursday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.40. The company’s 50-day moving average is $50.54 and its 200 day moving average is $49.34.

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.