Spectrum Asset Management Inc. NB CA Sells 98,320 Shares of iShares Gold Trust (NYSEARCA:IAU)

Spectrum Asset Management Inc. NB CA cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 39.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 151,377 shares of the exchange traded fund’s stock after selling 98,320 shares during the quarter. iShares Gold Trust makes up about 3.4% of Spectrum Asset Management Inc. NB CA’s holdings, making the stock its 5th biggest holding. Spectrum Asset Management Inc. NB CA’s holdings in iShares Gold Trust were worth $7,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at approximately $683,000. Park Avenue Securities LLC raised its position in iShares Gold Trust by 16.5% in the 3rd quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock valued at $511,000 after purchasing an additional 1,459 shares during the last quarter. GAMMA Investing LLC boosted its stake in iShares Gold Trust by 158.7% in the third quarter. GAMMA Investing LLC now owns 1,446 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 887 shares in the last quarter. Diversified Trust Co grew its holdings in shares of iShares Gold Trust by 17.4% during the third quarter. Diversified Trust Co now owns 6,506 shares of the exchange traded fund’s stock worth $323,000 after purchasing an additional 963 shares during the last quarter. Finally, Cypress Wealth Services LLC acquired a new stake in shares of iShares Gold Trust in the third quarter valued at $382,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.2 %

Shares of NYSEARCA IAU opened at $53.89 on Friday. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $54.40. The firm’s 50-day simple moving average is $50.63 and its 200 day simple moving average is $49.38.

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.