Arbor Investment Advisors LLC Decreases Holdings in iShares Gold Trust (NYSEARCA:IAU)

Arbor Investment Advisors LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,107 shares of the exchange traded fund’s stock after selling 361 shares during the period. Arbor Investment Advisors LLC’s holdings in iShares Gold Trust were worth $352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its holdings in iShares Gold Trust by 27.5% during the fourth quarter. First Horizon Advisors Inc. now owns 66,042 shares of the exchange traded fund’s stock valued at $3,270,000 after purchasing an additional 14,237 shares in the last quarter. Sigma Planning Corp lifted its holdings in iShares Gold Trust by 12.1% during the fourth quarter. Sigma Planning Corp now owns 157,746 shares of the exchange traded fund’s stock valued at $7,810,000 after purchasing an additional 17,016 shares in the last quarter. Dahring Cusmano LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $2,699,000. Crumly & Associates Inc. purchased a new position in iShares Gold Trust during the fourth quarter valued at $234,000. Finally, Lane & Associates LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $354,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $55.39 on Friday. The company’s 50-day moving average price is $51.75 and its 200-day moving average price is $50.16. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.60.

iShares Gold Trust 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.