Modus Advisors LLC Has $15.72 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Modus Advisors LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,580 shares of the exchange traded fund’s stock after selling 5,729 shares during the quarter. iShares Gold Trust accounts for 4.9% of Modus Advisors LLC’s portfolio, making the stock its largest position. Modus Advisors LLC’s holdings in iShares Gold Trust were worth $15,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% during the 3rd 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 during the last quarter. Chris Bulman Inc purchased a new stake in iShares Gold Trust during the second quarter valued at approximately $43,000. Thurston Springer Miller Herd & Titak Inc. raised its position in 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 worth $56,000 after acquiring an additional 635 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of iShares Gold Trust by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after acquiring an additional 500 shares during the last quarter. Finally, McIlrath & Eck LLC grew its position in shares of iShares Gold Trust by 34.3% during the 3rd quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 341 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded down $0.32 during trading on Friday, reaching $49.87. The company had a trading volume of 731,210 shares, compared to its average volume of 2,199,969. The firm’s 50-day simple moving average is $50.12 and its 200 day simple moving average is $48.21. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

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.