Arbor Investment Advisors LLC Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

Arbor Investment Advisors LLC reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,107 shares of the exchange traded fund’s stock after selling 361 shares during the period. Arbor Investment Advisors LLC’s holdings in iShares Gold Trust were worth $352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust in the fourth quarter worth about $27,000. Archer Investment Corp increased its position in iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners acquired a new stake in iShares Gold Trust during the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares Gold Trust during the fourth quarter worth about $40,000. Finally, Valued Wealth Advisors LLC increased its position in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $55.39 on Friday. iShares Gold Trust has a 12-month low of $38.21 and a 12-month high of $55.60. The company has a 50-day moving average price of $51.75 and a 200 day moving average price of $50.16.

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.