SVB Wealth LLC Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

SVB Wealth LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 40.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,195 shares of the exchange traded fund’s stock after selling 3,518 shares during the quarter. SVB Wealth LLC’s holdings in iShares Gold Trust were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. ORG Partners LLC acquired a new position in iShares Gold Trust in the fourth quarter worth $28,000. North Star Investment Management Corp. raised its position in iShares Gold Trust by 125.7% in 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 in the last quarter. Chilton Capital Management LLC raised its position in iShares Gold Trust by 162.8% in the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after acquiring an additional 542 shares in the last quarter. Tompkins Financial Corp acquired a new stake in iShares Gold Trust during the 4th quarter worth about $57,000. Finally, Planned Solutions Inc. acquired a new stake in iShares Gold Trust during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $43.91 on Wednesday. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98. The stock’s 50-day moving average price is $41.41 and its two-hundred day moving average price is $39.17.

iShares Gold Trust 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.