Ackerman Capital Advisors LLC Sells 1,104 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ackerman Capital Advisors LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 112,645 shares of the exchange traded fund’s stock after selling 1,104 shares during the quarter. iShares Gold Trust accounts for about 1.5% of Ackerman Capital Advisors LLC’s holdings, making the stock its 19th biggest holding. Ackerman Capital Advisors LLC’s holdings in iShares Gold Trust were worth $5,577,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Quadrant Private Wealth Management LLC grew its stake in iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after buying an additional 195 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in shares of iShares Gold Trust by 1.2% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of iShares Gold Trust by 2.9% during the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares during the period. Finally, Howard Financial Services LTD. raised its stake in iShares Gold Trust by 3.2% in the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock worth $397,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $54.97 on Wednesday. iShares Gold Trust has a fifty-two week low of $38.31 and a fifty-two week high of $55.70. The company has a market cap of $37.31 billion, a PE ratio of -33.32 and a beta of 0.20. The business’s 50-day simple moving average is $51.96 and its two-hundred day simple moving average is $50.33.

iShares Gold Trust Company 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.