Level Four Advisory Services LLC Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Level Four Advisory Services LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,593 shares of the exchange traded fund’s stock after selling 973 shares during the period. Level Four Advisory Services LLC’s holdings in iShares Gold Trust were worth $425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Quadrant Private Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares during the last quarter. TPG Advisors LLC lifted its position in shares of iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after buying an additional 199 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in iShares Gold Trust by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after buying an additional 200 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after buying an additional 212 shares in the last quarter. Finally, SeaCrest Wealth Management LLC increased its stake in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $58.96 on Tuesday. The stock has a 50 day moving average price of $54.91 and a 200-day moving average price of $51.82. iShares Gold Trust has a one year low of $42.15 and a one year high of $59.15. The company has a market capitalization of $42.24 billion, a P/E ratio of -34.13 and a beta of 0.20.

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.