United Asset Strategies Inc. Sells 1,725 Shares of iShares Gold Trust (NYSEARCA:IAU)

United Asset Strategies Inc. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,072 shares of the exchange traded fund’s stock after selling 1,725 shares during the quarter. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $1,786,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IAU. Archer Investment Corp lifted its holdings 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 worth $30,000 after buying an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares during the period. Global Trust Asset Management LLC raised its stake in iShares Gold Trust by 71.4% during 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 last quarter. Raleigh Capital Management Inc. boosted its holdings in iShares Gold Trust by 15,750.0% in 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 during the period. Finally, McIlrath & Eck LLC grew its position in iShares Gold Trust by 34.3% in 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. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of IAU opened at $52.31 on Monday. The company has a 50-day simple moving average of $50.17 and a 200-day simple moving average of $48.98. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

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.