SRS Capital Advisors Inc. Trims Stock Position in iShares Gold Trust (NYSEARCA:IAU)

SRS Capital Advisors Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 86,489 shares of the exchange traded fund’s stock after selling 2,442 shares during the quarter. SRS Capital Advisors Inc.’s holdings in iShares Gold Trust were worth $3,376,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at approximately $28,000. North Star Investment Management Corp. raised its position in iShares Gold Trust by 125.7% in the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 479 shares during the period. Chilton Capital Management LLC raised its position in iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after purchasing an additional 542 shares during the period. GAMMA Investing LLC purchased a new stake in iShares Gold Trust in the fourth quarter valued at approximately $38,000. Finally, Tompkins Financial Corp purchased a new stake in iShares Gold Trust in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2 %

NYSEARCA IAU traded down $0.07 on Thursday, reaching $43.62. The stock had a trading volume of 5,727,600 shares, compared to its average volume of 6,945,690. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98. The stock has a fifty day moving average price of $42.11 and a two-hundred day moving average price of $39.49.

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.