Mackay Shields LLC Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

Mackay Shields LLC lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 25.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 690,000 shares of the exchange traded fund’s stock after selling 239,500 shares during the quarter. Mackay Shields LLC owned approximately 0.10% of iShares Gold Trust worth $34,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust in the 4th quarter valued at about $442,000. Sanchez Wealth Management Group acquired a new position in iShares Gold Trust in the 4th quarter valued at about $228,000. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Independent Family Office LLC raised its stake in iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after purchasing an additional 16,827 shares during the last quarter. Finally, Silverleafe Capital Partners LLC raised its stake in iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $55.39 on Friday. The firm has a 50-day moving average price of $51.75 and a 200 day moving average price of $50.16. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.60.

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.