iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Avalon Capital Management

Avalon Capital Management reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,392 shares of the exchange traded fund’s stock after selling 4,407 shares during the quarter. Avalon Capital Management’s holdings in iShares Gold Trust were worth $1,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in iShares Gold Trust in the fourth quarter valued at about $27,000. Archer Investment Corp raised its holdings in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares in the last quarter. Financial Life Planners acquired a new position in iShares Gold Trust in the 4th quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $55.68 on Tuesday. iShares Gold Trust has a one year low of $38.31 and a one year high of $55.70. The stock’s 50 day simple moving average is $51.86 and its 200 day simple moving average is $50.27.

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.