Grove Bank & Trust Reduces Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Grove Bank & Trust decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 87.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,291 shares of the exchange traded fund’s stock after selling 94,699 shares during the quarter. Grove Bank & Trust’s holdings in iShares Gold Trust were worth $658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kelly Financial Services LLC purchased a new position in iShares Gold Trust during the 4th quarter valued at about $2,239,000. J2 Capital Management Inc purchased a new position in iShares Gold Trust during the fourth quarter valued at approximately $4,361,000. Ameritas Advisory Services LLC raised its stake in iShares Gold Trust by 75.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 57,389 shares of the exchange traded fund’s stock worth $2,841,000 after buying an additional 24,653 shares in the last quarter. HB Wealth Management LLC boosted its position in iShares Gold Trust by 11.3% during the 4th quarter. HB Wealth Management LLC now owns 79,967 shares of the exchange traded fund’s stock valued at $3,959,000 after acquiring an additional 8,110 shares in the last quarter. Finally, Trust Co. of Vermont raised its position in shares of iShares Gold Trust by 34.8% in the 4th quarter. Trust Co. of Vermont now owns 3,696 shares of the exchange traded fund’s stock worth $183,000 after acquiring an additional 954 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.5 %

Shares of IAU stock opened at $50.99 on Monday. The stock’s 50-day moving average is $49.87 and its 200 day moving average is $48.76. iShares Gold Trust has a 1-year low of $37.53 and a 1-year 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.