Zhang Financial LLC Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Zhang Financial LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 474,936 shares of the exchange traded fund’s stock after selling 5,638 shares during the quarter. iShares Gold Trust comprises 1.3% of Zhang Financial LLC’s portfolio, making the stock its 16th largest holding. Zhang Financial LLC’s holdings in iShares Gold Trust were worth $23,514,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Archer Investment Corp raised its holdings in iShares Gold Trust by 813.8% in the third 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. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of 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 valued at $56,000 after purchasing an additional 635 shares during the last quarter. Global Trust Asset Management LLC raised its holdings in shares of 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 in the last quarter. McIlrath & Eck LLC lifted 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 worth $66,000 after purchasing an additional 341 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of iShares Gold Trust by 158.7% during the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $50.99 on Monday. iShares Gold Trust has a 12 month low of $37.53 and a 12 month high of $52.69. The business’s fifty day moving average price is $49.87 and its 200 day moving average price is $48.76.

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.