iShares Gold Trust (NYSEARCA:IAU) Stake Cut by Quent Capital LLC

Quent Capital LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455,867 shares of the exchange traded fund’s stock after selling 5,377 shares during the quarter. iShares Gold Trust comprises 2.3% of Quent Capital LLC’s portfolio, making the stock its 8th largest holding. Quent Capital LLC’s holdings in iShares Gold Trust were worth $22,570,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $27,000. Archer Investment Corp raised its position in shares of iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its holdings in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $54.88 on Tuesday. The business has a 50-day moving average of $50.78 and a 200 day moving average of $49.52. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $54.95.

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.