iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Carl Stuart Investment Advisor Inc.

Carl Stuart Investment Advisor Inc. reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 617,752 shares of the exchange traded fund’s stock after selling 4,797 shares during the quarter. iShares Gold Trust makes up 16.3% of Carl Stuart Investment Advisor Inc.’s portfolio, making the stock its 2nd biggest holding. Carl Stuart Investment Advisor Inc.’s holdings in iShares Gold Trust were worth $30,585,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $27,000. Wintrust Investments LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $29,000. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at about $40,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $55.30 on Thursday. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $55.70. The stock has a market cap of $37.53 billion, a PE ratio of -33.32 and a beta of 0.20. The firm has a 50-day simple moving average of $53.15 and a two-hundred day simple moving average of $50.91.

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.