Kornitzer Capital Management Inc. KS Has $659,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Kornitzer Capital Management Inc. KS lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,874 shares of the exchange traded fund’s stock after selling 1,628 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in iShares Gold Trust were worth $659,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IAU. ORG Partners LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $28,000. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $26,000. North Star Investment Management Corp. lifted its stake in shares of iShares Gold Trust by 125.7% during the 4th quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 479 shares during the last quarter. Chilton Capital Management LLC lifted its stake in shares of iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after buying an additional 542 shares during the last quarter. Finally, Financial Freedom LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $45.14 on Monday. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $45.98. The firm has a 50-day moving average of $41.17 and a 200-day moving average of $39.03.

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.