Mackay Shields LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 25.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 690,000 shares of the exchange traded fund’s stock after selling 239,500 shares during the period. Mackay Shields LLC’s holdings in iShares Gold Trust were worth $34,162,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the fourth quarter worth $27,000. Archer Investment Corp boosted its holdings in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new position in iShares Gold Trust in the fourth quarter worth $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC boosted its holdings in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
Shares of IAU opened at $55.39 on Friday. iShares Gold Trust has a 1 year low of $38.21 and a 1 year high of $55.60. The firm has a fifty day moving average of $51.75 and a 200-day moving average of $50.16.
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.
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