iShares Gold Trust (NYSEARCA:IAU) Stock Position Trimmed by Signet Investment Advisory Group Inc.

Signet Investment Advisory Group Inc. cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 236,580 shares of the exchange traded fund’s stock after selling 2,249 shares during the quarter. iShares Gold Trust makes up 6.0% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its largest holding. Signet Investment Advisory Group Inc.’s holdings in iShares Gold Trust were worth $11,713,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IAU. Compass Financial Services Inc purchased a new position in iShares Gold Trust in the fourth quarter valued at approximately $27,000. Archer Investment Corp raised 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 valued at $30,000 after buying an additional 529 shares during the period. Financial Life Planners purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC increased its holdings in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $54.69 on Wednesday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $54.94. The stock’s 50-day simple moving average is $50.88 and its 200 day simple moving average is $49.60.

iShares Gold Trust Company 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.