Kings Path Partners LLC Sells 3,611 Shares of iShares Gold Trust (NYSEARCA:IAU)

Kings Path Partners LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 50.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,528 shares of the exchange traded fund’s stock after selling 3,611 shares during the quarter. Kings Path Partners LLC’s holdings in iShares Gold Trust were worth $175,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Archer Investment Corp boosted its holdings 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 buying an additional 529 shares during the last quarter. Chris Bulman Inc bought a new position in shares of iShares Gold Trust during the second quarter worth $43,000. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 635 shares in the last quarter. Global Trust Asset Management LLC increased its position in iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares during the last quarter. Finally, Zions Bancorporation N.A. raised its position in shares of iShares Gold Trust by 32.9% during the 2nd quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock valued at $63,000 after buying an additional 357 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded down $0.03 on Monday, reaching $49.76. The company had a trading volume of 2,635,162 shares, compared to its average volume of 3,301,573. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The firm’s 50-day moving average price is $50.08 and its two-hundred day moving average price is $48.31.

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.