Systelligence LLC Sells 17,361 Shares of iShares Gold Trust (NYSEARCA:IAU)

Systelligence LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 142,064 shares of the exchange traded fund’s stock after selling 17,361 shares during the quarter. iShares Gold Trust accounts for 1.8% of Systelligence LLC’s portfolio, making the stock its 29th largest holding. Systelligence LLC’s holdings in iShares Gold Trust were worth $7,061,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 5.9% in the first quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 436 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. International Assets Investment Management LLC lifted its position in iShares Gold Trust by 4,843.7% in the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares during the period. Prime Capital Investment Advisors LLC lifted its position in iShares Gold Trust by 2.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock worth $8,992,000 after purchasing an additional 4,189 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in iShares Gold Trust by 66.2% in the second quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 2.3 %

Shares of IAU stock opened at $49.51 on Tuesday. iShares Gold Trust has a one year low of $36.57 and a one year high of $52.69. The stock has a fifty day moving average price of $49.97 and a 200 day moving average price of $46.80.

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.