Swmg LLC Reduces Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Swmg LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,668 shares of the exchange traded fund’s stock after selling 272 shares during the quarter. Swmg LLC’s holdings in iShares Gold Trust were worth $503,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the period. Valued Wealth Advisors LLC increased its holdings in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares Gold Trust by 127.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 635 shares in the last quarter. Global Trust Asset Management LLC boosted its holdings in iShares Gold Trust by 71.4% in the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in shares of iShares Gold Trust by 15,750.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 1,260 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2 %

Shares of IAU stock opened at $52.87 on Friday. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $53.18. The business’s fifty day moving average is $50.35 and its 200 day moving average is $49.15.

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.