Community Bank N.A. Sells 80,762 Shares of iShares Gold Trust (NYSEARCA:IAU)

Community Bank N.A. reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 86.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,497 shares of the exchange traded fund’s stock after selling 80,762 shares during the quarter. Community Bank N.A.’s holdings in iShares Gold Trust were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IAU. JPMorgan Chase & Co. boosted its position in shares of iShares Gold Trust by 58.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares in the last quarter. Packer & Co Ltd bought a new position in iShares Gold Trust in the 3rd quarter valued at approximately $125,443,000. First Command Advisory Services Inc. bought a new position in iShares Gold Trust in the 3rd quarter valued at approximately $50,473,000. Axxcess Wealth Management LLC lifted its position in iShares Gold Trust by 585.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock valued at $38,760,000 after acquiring an additional 946,138 shares in the last quarter. Finally, TIAA Trust National Association bought a new position in iShares Gold Trust in the 3rd quarter valued at approximately $29,403,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock traded up $0.23 during midday trading on Thursday, hitting $44.09. The company’s stock had a trading volume of 7,456,631 shares, compared to its average volume of 6,849,386. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $45.98. The firm’s 50-day moving average is $41.54 and its 200-day moving average is $39.20.

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.