Fortitude Family Office LLC Sells 807 Shares of iShares Gold Trust (NYSEARCA:IAU)

Fortitude Family Office LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 16.0% during the 4th quarter, HoldingsChannel reports. The firm owned 4,227 shares of the exchange traded fund’s stock after selling 807 shares during the quarter. Fortitude Family Office LLC’s holdings in iShares Gold Trust were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Archer Investment Corp grew its stake in iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares Gold Trust by 127.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares during the period. Global Trust Asset Management LLC grew its position in shares of iShares Gold Trust by 71.4% in the third quarter. Global Trust Asset Management LLC now owns 1,200 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 500 shares during the last quarter. McIlrath & Eck LLC grew its position in shares of iShares Gold Trust by 34.3% in the third quarter. McIlrath & Eck LLC now owns 1,335 shares of the exchange traded fund’s stock valued at $66,000 after purchasing an additional 341 shares during the last quarter. Finally, Zions Bancorporation N.A. increased its stake in shares of iShares Gold Trust by 32.9% in the second quarter. Zions Bancorporation N.A. now owns 1,442 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 357 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $50.29 on Friday. The business has a 50 day moving average price of $49.92 and a 200 day moving average price of $48.41. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69.

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.