iShares Gold Trust (NYSEARCA:IAU) Position Cut by Welch & Forbes LLC

Welch & Forbes LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,042 shares of the exchange traded fund’s stock after selling 500 shares during the quarter. Welch & Forbes LLC’s holdings in iShares Gold Trust were worth $3,514,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $28,000. Signature Resources Capital Management LLC acquired a new position in iShares Gold Trust in the fourth quarter worth approximately $32,000. North Star Investment Management Corp. increased its holdings in shares of iShares Gold Trust by 125.7% in the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 479 shares in the last quarter. Chilton Capital Management LLC lifted its position in shares of iShares Gold Trust by 162.8% during the 4th quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 542 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter worth $38,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.4 %

Shares of NYSEARCA:IAU traded down $0.19 during mid-day trading on Tuesday, hitting $43.77. The stock had a trading volume of 5,484,154 shares, compared to its average volume of 6,965,172. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98. The company’s 50 day moving average is $42.54 and its 200-day moving average is $39.70.

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.