James Investment Research Inc. Sells 630 Shares of iShares Gold Trust (NYSEARCA:IAU)

James Investment Research Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 359,864 shares of the exchange traded fund’s stock after selling 630 shares during the period. iShares Gold Trust makes up approximately 2.1% of James Investment Research Inc.’s investment portfolio, making the stock its 6th largest holding. James Investment Research Inc. owned about 0.05% of iShares Gold Trust worth $17,817,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the fourth quarter worth $27,000. Archer Investment Corp grew its holdings in shares of 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 buying an additional 529 shares during the period. Financial Life Planners bought a new stake in shares of iShares Gold Trust in the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in iShares Gold Trust by 65.7% during the fourth 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 in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $54.46 on Friday. The business has a 50-day moving average of $51.28 and a two-hundred day moving average of $49.83. iShares Gold Trust has a 1 year low of $37.76 and a 1 year high of $55.29.

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.