Aveo Capital Partners LLC Decreases Position in iShares Gold Trust (NYSEARCA:IAU)

Aveo Capital Partners LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 239,264 shares of the exchange traded fund’s stock after selling 28,707 shares during the period. iShares Gold Trust makes up approximately 1.3% of Aveo Capital Partners LLC’s portfolio, making the stock its 17th largest position. Aveo Capital Partners LLC’s holdings in iShares Gold Trust were worth $11,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth $27,000. Archer Investment Corp lifted 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 worth $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC lifted its position in shares of 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 purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.5 %

iShares Gold Trust stock opened at $54.46 on Friday. The company has a fifty day simple moving average of $51.19 and a 200-day simple moving average of $49.74. iShares Gold Trust has a 12-month low of $37.76 and a 12-month high of $55.29.

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.