Townsend & Associates Inc Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Townsend & Associates Inc reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the 4th quarter, HoldingsChannel reports. The firm owned 222,211 shares of the exchange traded fund’s stock after selling 1,542 shares during the period. Townsend & Associates Inc’s holdings in iShares Gold Trust were worth $11,499,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new position in iShares Gold Trust during the 4th quarter worth $27,000. Archer Investment Corp boosted its position in iShares Gold Trust by 813.8% during the 3rd 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. Financial Life Planners bought a new stake in iShares Gold Trust during the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust during the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC boosted its position in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.1 %

Shares of NYSEARCA IAU opened at $55.39 on Friday. The stock’s fifty day simple moving average is $51.75 and its two-hundred day simple moving average is $50.16. iShares Gold Trust has a 12-month low of $38.21 and a 12-month high of $55.60.

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.