Satovsky Asset Management LLC Has $1.58 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Satovsky Asset Management LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.8% in the 4th quarter, HoldingsChannel reports. The fund owned 31,842 shares of the exchange traded fund’s stock after selling 1,604 shares during the period. iShares Gold Trust makes up about 0.4% of Satovsky Asset Management LLC’s holdings, making the stock its 18th biggest holding. Satovsky Asset Management LLC’s holdings in iShares Gold Trust were worth $1,576,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Trilogy Capital Inc. bought a new position in shares of iShares Gold Trust in the third quarter valued at $214,000. Telos Capital Management Inc. acquired a new stake in shares of iShares Gold Trust in the 3rd quarter worth about $227,000. Sequoia Financial Advisors LLC lifted its position in iShares Gold Trust by 36.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 11,184 shares of the exchange traded fund’s stock valued at $556,000 after acquiring an additional 3,015 shares in the last quarter. Signaturefd LLC boosted its stake in iShares Gold Trust by 11.9% during the 3rd quarter. Signaturefd LLC now owns 22,264 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Eastern Bank bought a new stake in iShares Gold Trust during the 3rd quarter worth approximately $1,565,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU stock opened at $55.42 on Thursday. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.49. The stock’s 50 day moving average is $51.46 and its 200-day moving average is $49.98.

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.