Towneley Capital Management Inc DE Decreases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Towneley Capital Management Inc DE lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,043 shares of the exchange traded fund’s stock after selling 1,890 shares during the period. iShares Gold Trust comprises about 1.6% of Towneley Capital Management Inc DE’s investment portfolio, making the stock its 13th biggest holding. Towneley Capital Management Inc DE’s holdings in iShares Gold Trust were worth $6,835,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Compass Financial Services Inc bought a new position in shares of iShares Gold Trust during the fourth quarter valued at about $27,000. Archer Investment Corp raised its position in 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 purchasing an additional 529 shares during the last quarter. Financial Life Planners purchased a new stake in iShares Gold Trust in the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust in the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew its position 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 buying an additional 333 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust 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 52 week low of $37.53 and a 52 week high of $54.95.

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.