Modus Advisors LLC Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Modus Advisors LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 317,580 shares of the exchange traded fund’s stock after selling 5,729 shares during the period. iShares Gold Trust comprises approximately 4.9% of Modus Advisors LLC’s holdings, making the stock its largest holding. Modus Advisors LLC’s holdings in iShares Gold Trust were worth $15,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares Gold Trust by 9.6% during the 3rd 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. Independent Family Office LLC grew its holdings in shares of iShares Gold Trust by 4.1% during the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after acquiring an additional 16,827 shares during the period. International Assets Investment Management LLC lifted its stake in shares of iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after purchasing an additional 229,303 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 2.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after purchasing an additional 4,189 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU traded down $0.32 during midday trading on Friday, reaching $49.87. The company’s stock had a trading volume of 731,210 shares, compared to its average volume of 2,199,969. The stock’s 50-day moving average is $50.12 and its 200-day moving average is $48.21. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69.

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.