MONECO Advisors LLC Lowers Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

MONECO Advisors LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,722 shares of the exchange traded fund’s stock after selling 2,512 shares during the period. MONECO Advisors LLC’s holdings in iShares Gold Trust were worth $536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. PFG Advisors boosted its stake in shares of iShares Gold Trust by 3.7% in the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after buying an additional 754 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of iShares Gold Trust by 203.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after buying an additional 13,101 shares during the period. Hsbc Holdings PLC boosted its stake in shares of iShares Gold Trust by 6.7% in the 3rd quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after buying an additional 6,263 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $544,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of iShares Gold Trust by 10.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 282 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.5 %

Shares of IAU opened at $43.85 on Tuesday. The stock has a 50-day simple moving average of $44.32 and a 200-day simple moving average of $41.09. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08.

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.