iShares Gold Trust (NYSEARCA:IAU) Stake Lowered by Stephens Inc. AR

Stephens Inc. AR decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 430,157 shares of the exchange traded fund’s stock after selling 20,348 shares during the period. Stephens Inc. AR’s holdings in iShares Gold Trust were worth $21,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TCP Asset Management LLC lifted its stake in iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its holdings in shares of iShares Gold Trust by 1.2% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after acquiring an additional 212 shares during the period. Baker Avenue Asset Management LP lifted its position in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares during the period. Finally, Avaii Wealth Management LLC grew its position in iShares Gold Trust by 1.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

IAU opened at $53.97 on Friday. The business’s 50 day moving average is $50.78 and its 200-day moving average is $49.47. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $54.48.

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.