iShares Gold Trust (NYSEARCA:IAU) Position Trimmed by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 36,508 shares of the exchange traded fund’s stock after selling 2,424 shares during the period. SignalPoint Asset Management LLC’s holdings in iShares Gold Trust were worth $1,808,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after purchasing an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the period. Empower Advisory Group LLC boosted its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares during the period. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. Finally, WealthNavi Inc. boosted its stake in iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after purchasing an additional 233,999 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8 %

iShares Gold Trust stock opened at $50.91 on Thursday. The company has a 50 day moving average price of $49.85 and a 200 day moving average price of $48.62. 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.