iShares Gold Trust (NYSEARCA:IAU) is Kaydan Wealth Management Inc.’s 8th Largest Position

Kaydan Wealth Management Inc. reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 38.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 237,390 shares of the exchange traded fund’s stock after selling 147,399 shares during the quarter. iShares Gold Trust makes up about 3.9% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 8th largest holding. Kaydan Wealth Management Inc.’s holdings in iShares Gold Trust were worth $11,753,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in iShares Gold Trust by 9.6% during the third 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 raised 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 valued at $21,155,000 after purchasing an additional 16,827 shares in the last quarter. Silverleafe Capital Partners LLC lifted its stake in shares of iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares during the last quarter. International Assets Investment Management LLC boosted its holdings 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 in the last quarter. Finally, Prospera Financial Services Inc increased its position in iShares Gold Trust by 18.7% during the third quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after buying an additional 7,001 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.5 %

IAU opened at $50.99 on Monday. The stock has a 50-day moving average of $49.87 and a 200-day moving average of $48.76. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $52.69.

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.