iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 408,083 shares of the exchange traded fund’s stock after selling 50,362 shares during the period. iShares Gold Trust accounts for about 3.2% of Cardinal Point Capital Management ULC’s holdings, making the stock its 11th largest holding. Cardinal Point Capital Management ULC’s holdings in iShares Gold Trust were worth $20,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IAU. TCP Asset Management LLC grew its stake in shares of iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares during the last quarter. Baker Avenue Asset Management LP raised its stake in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares in the last quarter. Howard Financial Services LTD. lifted its holdings in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 220 shares during the period. Avaii Wealth Management LLC boosted its stake in shares of iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares in the last quarter. Finally, FFG Partners LLC grew its holdings in iShares Gold Trust by 0.9% during the third quarter. FFG Partners LLC now owns 29,300 shares of the exchange traded fund’s stock worth $1,456,000 after acquiring an additional 267 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.0 %

NYSEARCA:IAU opened at $50.25 on Tuesday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The stock has a fifty day moving average price of $49.87 and a two-hundred day moving average price of $48.57.

About iShares Gold Trust

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.