Westover Capital Advisors LLC lowered its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 42.0% in the fourth quarter, HoldingsChannel reports. The firm owned 50,038 shares of the exchange traded fund’s stock after selling 36,238 shares during the quarter. Westover Capital Advisors LLC’s holdings in iShares Gold Trust were worth $2,477,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $27,000. Archer Investment Corp grew its holdings in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares in the last quarter. Financial Life Planners acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew its holdings in 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 worth $42,000 after acquiring an additional 333 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 1.3 %
NYSEARCA IAU opened at $54.57 on Tuesday. The stock has a market capitalization of $37.03 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52 week low of $39.61 and a 52 week high of $55.70. The firm has a 50 day moving average of $52.38 and a two-hundred day moving average of $50.56.
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.
Featured Stories
- Five stocks we like better than iShares Gold Trust
- What is the MACD Indicator and How to Use it in Your Trading
- Bearish Investors Can Seek Refuge in Recession-Resistant ETFs
- How Can Investors Benefit From After-Hours Trading
- 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now?
- Stock Analyst Ratings and Canadian Analyst Ratings
- 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
