Equitable Trust Co. Sells 111,530 Shares of iShares Gold Trust (NYSEARCA:IAU)

Equitable Trust Co. cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,466,167 shares of the exchange traded fund’s stock after selling 111,530 shares during the period. iShares Gold Trust accounts for 6.8% of Equitable Trust Co.’s portfolio, making the stock its 2nd largest position. Equitable Trust Co.’s holdings in iShares Gold Trust were worth $122,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the fourth quarter valued at $27,000. Archer Investment Corp grew its position in iShares Gold Trust by 813.8% in the 3rd 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. Financial Life Planners bought a new position in iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.1 %

Shares of NYSEARCA IAU opened at $53.97 on Monday. The stock has a 50 day simple moving average of $50.78 and a 200-day simple moving average of $49.49. iShares Gold Trust has a 12-month low of $37.53 and a 12-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.