Noble Wealth Management PBC Decreases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Noble Wealth Management PBC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,930 shares of the exchange traded fund’s stock after selling 579 shares during the quarter. Noble Wealth Management PBC’s holdings in iShares Gold Trust were worth $1,057,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of IAU. Tucker Asset Management LLC boosted its stake in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $28,000. Wintrust Investments LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $29,000. Wood Tarver Financial Group LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $31,000. Finally, Orion Capital Management LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6%

Shares of IAU opened at $63.12 on Thursday. The firm’s 50-day moving average price is $61.79 and its 200-day moving average price is $55.99. The firm has a market capitalization of $46.46 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a 1-year low of $43.35 and a 1-year high of $64.98.

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.