Cadent Capital Advisors LLC Has $2 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Cadent Capital Advisors LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,290 shares of the exchange traded fund’s stock after selling 1,518 shares during the quarter. Cadent Capital Advisors LLC’s holdings in iShares Gold Trust were worth $1,995,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Archer Investment Corp boosted its stake 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 valued at $30,000 after purchasing an additional 529 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of iShares Gold Trust by 127.0% in 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 acquiring an additional 635 shares during the period. Global Trust Asset Management LLC grew its stake in shares of 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 valued at $60,000 after acquiring an additional 500 shares in the last quarter. Zions Bancorporation N.A. increased its position in iShares Gold Trust by 32.9% during the second quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock worth $63,000 after acquiring an additional 357 shares during the period. Finally, McIlrath & Eck LLC raised its stake in iShares Gold Trust by 34.3% in the 3rd quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 341 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA IAU traded down $0.62 during trading on Monday, reaching $50.16. The company’s stock had a trading volume of 3,102,591 shares, compared to its average volume of 4,995,974. The firm has a 50 day moving average price of $49.90 and a 200 day moving average price of $48.53. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69.

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.