Wealth Alliance Sells 701 Shares of iShares Gold Trust (NYSEARCA:IAU)

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

Other hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new stake in shares of iShares Gold Trust during the 3rd quarter valued at $26,000. ORG Partners LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth about $28,000. Financial Freedom LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth about $30,000. North Star Investment Management Corp. lifted its holdings in iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 479 shares in the last quarter. Finally, Chilton Capital Management LLC lifted its holdings in iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 542 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU traded up $0.12 during trading on Tuesday, reaching $45.25. 14,285,701 shares of the company were exchanged, compared to its average volume of 6,695,688. The company’s 50-day moving average is $40.64 and its two-hundred day moving average is $38.74. iShares Gold Trust has a 12-month low of $34.35 and a 12-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.