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

SignalPoint Asset Management LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAUGet Rating) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,897 shares of the exchange traded fund’s stock after selling 480 shares during the quarter. SignalPoint Asset Management LLC’s holdings in iShares Gold Trust were worth $1,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of IAU. Fifth Third Bancorp raised its stake in iShares Gold Trust by 8.8% in the 4th quarter. Fifth Third Bancorp now owns 6,717 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 543 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in iShares Gold Trust by 0.4% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 373,294 shares of the exchange traded fund’s stock worth $12,995,000 after purchasing an additional 1,350 shares in the last quarter. Sigma Planning Corp increased its holdings in iShares Gold Trust by 9.8% in the 4th quarter. Sigma Planning Corp now owns 164,035 shares of the exchange traded fund’s stock valued at $5,710,000 after buying an additional 14,605 shares during the period. Intelligence Driven Advisers LLC bought a new position in iShares Gold Trust in the 4th quarter valued at about $415,000. Finally, Fisher Asset Management LLC bought a new position in iShares Gold Trust in the 4th quarter valued at about $519,000. Institutional investors and hedge funds own 53.09% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock traded down $0.37 during mid-day trading on Friday, hitting $33.68. The stock had a trading volume of 5,490,927 shares, compared to its average volume of 6,169,818. iShares Gold Trust has a 52 week low of $32.20 and a 52 week high of $39.36. The firm has a fifty day simple moving average of $33.97 and a 200 day simple moving average of $35.30.

iShares Gold Trust Company Profile

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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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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