Baldwin Wealth Partners LLC MA Sells 5,480 Shares of iShares Gold Trust (NYSEARCA:IAU)

Baldwin Wealth Partners LLC MA cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 308,115 shares of the exchange traded fund’s stock after selling 5,480 shares during the period. iShares Gold Trust accounts for about 1.1% of Baldwin Wealth Partners LLC MA’s holdings, making the stock its 28th largest position. Baldwin Wealth Partners LLC MA’s holdings in iShares Gold Trust were worth $15,255,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Archer Investment Corp raised its position in 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 buying an additional 529 shares during the last quarter. Valued Wealth Advisors LLC increased its holdings in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 333 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Gold Trust by 127.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 635 shares during the last quarter. Global Trust Asset Management LLC boosted its stake in iShares Gold Trust by 71.4% during the 3rd quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock worth $60,000 after purchasing an additional 500 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its stake in iShares Gold Trust by 15,750.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,268 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 1,260 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $51.92 on Monday. The company’s 50-day moving average price is $50.17 and its 200-day moving average price is $49.01. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69.

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.