Robinson Value Management Ltd. Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Robinson Value Management Ltd. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,086 shares of the exchange traded fund’s stock after selling 2,365 shares during the quarter. iShares Gold Trust accounts for approximately 2.5% of Robinson Value Management Ltd.’s investment portfolio, making the stock its 12th largest position. Robinson Value Management Ltd.’s holdings in iShares Gold Trust were worth $3,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archer Investment Corp grew 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 valued at $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $33,000. Valued Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. Independence Bank of Kentucky purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings 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 purchasing an additional 635 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.1 %

NYSEARCA IAU opened at $53.97 on Friday. The company has a fifty day moving average of $50.78 and a two-hundred day moving average of $49.47. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $54.48.

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.