Waterloo Capital L.P. Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

Waterloo Capital L.P. trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,080 shares of the exchange traded fund’s stock after selling 4,171 shares during the period. Waterloo Capital L.P.’s holdings in iShares Gold Trust were worth $1,588,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC raised its holdings in shares of iShares Gold Trust by 106.9% in 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. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the fourth quarter valued at $27,000. Wintrust Investments LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth about $29,000. Financial Life Planners acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $57.26 on Monday. The stock’s 50-day simple moving average is $55.42 and its 200-day simple moving average is $52.10. The firm has a market capitalization of $41.37 billion, a PE ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a fifty-two week low of $43.05 and a fifty-two week high of $59.15.

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.