Highland Financial Advisors LLC Lowers Holdings in iShares Gold Trust (NYSEARCA:IAU)

Highland Financial Advisors LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 209,633 shares of the exchange traded fund’s stock after selling 6,805 shares during the quarter. iShares Gold Trust comprises approximately 3.6% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 11th largest holding. Highland Financial Advisors LLC’s holdings in iShares Gold Trust were worth $8,182,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IAU. Qube Research & Technologies Ltd acquired a new position in iShares Gold Trust in the 3rd quarter valued at $26,000. Financial Freedom LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $30,000. North Star Investment Management Corp. increased its position in iShares Gold Trust by 125.7% during the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 479 shares during the period. Hibernia Wealth Partners LLC acquired a new position in iShares Gold Trust during the 3rd quarter valued at $36,000. Finally, Salem Investment Counselors Inc. boosted its holdings in iShares Gold Trust by 191.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 725 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $42.01 on Friday. The company’s fifty day moving average is $39.42 and its two-hundred day moving average is $38.12. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $42.09.

iShares Gold Trust Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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