iShares Gold Trust (NYSEARCA:IAU) Position Cut by Oak Family Advisors LLC

Oak Family Advisors LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 31,576 shares of the exchange traded fund’s stock after selling 1,087 shares during the period. Oak Family Advisors LLC’s holdings in iShares Gold Trust were worth $1,563,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of IAU. Archer Investment Corp grew its stake 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 purchasing an additional 529 shares in the last quarter. Valued Wealth Advisors LLC increased its stake 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 valued at $42,000 after buying an additional 333 shares during the period. Independence Bank of Kentucky bought a new stake in shares of iShares Gold Trust during the 4th quarter worth about $52,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares during the period. Finally, Global Trust Asset Management LLC boosted its holdings 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. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $52.87 on Monday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $53.18. The stock’s 50 day moving average price is $50.39 and its 200 day moving average price is $49.21.

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.