Robinson Value Management Ltd. Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Robinson Value Management Ltd. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 76,086 shares of the exchange traded fund’s stock after selling 2,365 shares during the quarter. iShares Gold Trust accounts for about 2.5% of Robinson Value Management Ltd.’s holdings, making the stock its 12th biggest holding. Robinson Value Management Ltd.’s holdings in iShares Gold Trust were worth $3,767,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Archer Investment Corp raised its holdings in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $33,000. Valued Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Independence Bank of Kentucky purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted 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 purchasing an additional 635 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.1 %

Shares of NYSEARCA:IAU opened at $53.97 on Friday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $54.48. The firm’s 50 day moving average price is $50.78 and its 200-day moving average price is $49.47.

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.