iShares Gold Trust (NYSEARCA:IAU) Stake Cut by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,231 shares of the exchange traded fund’s stock after selling 275 shares during the period. Bruce G. Allen Investments LLC’s holdings in iShares Gold Trust were worth $132,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC raised its position in shares of iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 263 shares during the last quarter. Compass Financial Services Inc bought a new position in iShares Gold Trust during the fourth quarter valued at about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares Gold Trust in the 4th quarter valued at approximately $28,000. Wintrust Investments LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $29,000. Finally, Wood Tarver Financial Group LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $31,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.3%

IAU opened at $62.47 on Monday. The stock’s 50 day simple moving average is $61.52 and its 200-day simple moving average is $55.81. The stock has a market cap of $45.98 billion, a PE ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 1 year low of $43.35 and a 1 year high of $64.98.

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.