D. Scott Neal Inc. Cuts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

D. Scott Neal Inc. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,895 shares of the exchange traded fund’s stock after selling 763 shares during the period. iShares Gold Trust comprises 1.9% of D. Scott Neal Inc.’s investment portfolio, making the stock its 11th largest position. D. Scott Neal Inc.’s holdings in iShares Gold Trust were worth $3,461,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IAU. Quadrature Capital Ltd purchased a new stake in iShares Gold Trust during the third quarter valued at about $95,801,000. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after acquiring an additional 1,339,100 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the period. Park Avenue Securities LLC grew its position in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after acquiring an additional 672,568 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after purchasing an additional 666,330 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8 %

Shares of IAU stock opened at $50.91 on Thursday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The stock has a 50 day moving average price of $49.85 and a two-hundred day moving average price of $48.62.

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.