iShares Gold Trust (NYSEARCA:IAU) is West Family Investments Inc.’s Largest Position

West Family Investments Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 620,540 shares of the exchange traded fund’s stock after selling 537 shares during the quarter. iShares Gold Trust makes up 8.4% of West Family Investments Inc.’s portfolio, making the stock its largest holding. West Family Investments Inc.’s holdings in iShares Gold Trust were worth $24,403,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. PFG Advisors lifted its holdings in shares of iShares Gold Trust by 3.7% in the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after buying an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of iShares Gold Trust by 203.7% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after purchasing an additional 13,101 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of iShares Gold Trust by 6.7% during the third quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock valued at $3,482,000 after purchasing an additional 6,263 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of iShares Gold Trust in the fourth quarter worth about $544,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of iShares Gold Trust by 10.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 282 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded down $0.17 during midday trading on Thursday, reaching $43.52. 4,710,510 shares of the stock traded hands, compared to its average volume of 6,930,749. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $45.98. The stock’s fifty day moving average is $42.11 and its 200-day moving average is $39.49.

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.