New Millennium Group LLC Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

New Millennium Group LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 98.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,464 shares of the exchange traded fund’s stock after selling 92,963 shares during the period. New Millennium Group LLC’s holdings in iShares Gold Trust were worth $72,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. TCP Asset Management LLC boosted its position in shares of iShares Gold Trust by 3.0% during the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares in the last quarter. Baker Avenue Asset Management LP lifted its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after buying an additional 215 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares in the last quarter. Howard Financial Services LTD. grew its position in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after buying an additional 220 shares during the last quarter. Finally, Avaii Wealth Management LLC lifted its position in iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after acquiring an additional 249 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.2 %

Shares of IAU stock opened at $52.87 on Friday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $53.18. The stock’s 50-day moving average is $50.35 and its two-hundred day moving average is $49.15.

About iShares Gold Trust

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.