iShares Gold Trust (NYSEARCA:IAU) Position Lessened by Vision Capital Management Inc.

Vision Capital Management Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.5% during the fourth quarter, HoldingsChannel reports. The fund owned 365,746 shares of the exchange traded fund’s stock after selling 1,821 shares during the quarter. iShares Gold Trust comprises about 2.7% of Vision Capital Management Inc.’s holdings, making the stock its 10th largest position. Vision Capital Management Inc.’s holdings in iShares Gold Trust were worth $18,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archer Investment Corp grew its stake 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 worth $30,000 after buying an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter worth about $33,000. Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% during 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 period. Independence Bank of Kentucky acquired a new stake in iShares Gold Trust during the 4th quarter worth about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 635 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $54.02 on Thursday. The business has a 50-day simple moving average of $50.54 and a 200-day simple moving average of $49.34. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $54.40.

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.