Ballentine Partners LLC Has $6.93 Million Position in iShares Gold Trust (NYSEARCA:IAU)

Ballentine Partners LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,891 shares of the exchange traded fund’s stock after selling 523 shares during the period. Ballentine Partners LLC’s holdings in iShares Gold Trust were worth $6,926,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Archer Investment Corp grew its stake in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 635 shares during the period. Global Trust Asset Management LLC grew its position in shares of iShares Gold Trust by 71.4% in 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 buying an additional 500 shares during the last quarter. McIlrath & Eck LLC increased its stake in shares of iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after buying an additional 341 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of iShares Gold Trust by 158.7% during the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after acquiring an additional 887 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.5 %

Shares of IAU stock opened at $50.99 on Tuesday. The business’s 50 day simple moving average is $49.87 and its 200 day simple moving average is $48.76. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69.

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.