iShares Gold Trust (NYSEARCA:IAU) Stock Position Trimmed by Cowa LLC

Cowa LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,308 shares of the exchange traded fund’s stock after selling 5,049 shares during the quarter. iShares Gold Trust comprises 1.2% of Cowa LLC’s holdings, making the stock its 28th biggest position. Cowa LLC’s holdings in iShares Gold Trust were worth $2,639,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of iShares Gold Trust in the third quarter valued at approximately $95,801,000. Truist Financial Corp boosted its holdings in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after acquiring an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after acquiring an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of iShares Gold Trust by 10,279.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after acquiring an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.1 %

iShares Gold Trust stock opened at $55.39 on Friday. The firm has a 50 day simple moving average of $51.64 and a 200-day simple moving average of $50.06. 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.