iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 9.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,270 shares of the exchange traded fund’s stock after selling 2,216 shares during the quarter. Lake Street Advisors Group LLC’s holdings in iShares Gold Trust were worth $1,053,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc purchased a new stake in iShares Gold Trust during the fourth quarter worth about $27,000. Archer Investment Corp boosted 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 valued at $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings 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 worth $42,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

Shares of IAU stock opened at $55.04 on Thursday. The firm has a 50 day moving average of $52.08 and a two-hundred day moving average of $50.36. The stock has a market capitalization of $37.35 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52 week low of $38.38 and a 52 week high of $55.70.

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.