Waterloo Capital L.P. Reduces Position in iShares Gold Trust (NYSEARCA:IAU)

Waterloo Capital L.P. lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 11.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 32,080 shares of the exchange traded fund’s stock after selling 4,171 shares during the period. Waterloo Capital L.P.’s holdings in iShares Gold Trust were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Quadrant Private Wealth Management LLC grew its stake in iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 195 shares during the period. TPG Advisors LLC grew its position in shares of iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in iShares Gold Trust by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after purchasing an additional 200 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its position in iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after buying an additional 212 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its stake in iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after buying an additional 215 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU opened at $57.26 on Monday. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 12 month low of $43.05 and a 12 month high of $59.15. The business has a 50-day moving average of $55.42 and a two-hundred day moving average of $52.10.

iShares Gold Trust 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.