Tower Research Capital LLC TRC Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

Tower Research Capital LLC TRC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 85.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,028 shares of the exchange traded fund’s stock after selling 6,068 shares during the quarter. Tower Research Capital LLC TRC’s holdings in iShares Gold Trust were worth $40,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. ORG Partners LLC purchased a new position in iShares Gold Trust in the fourth quarter worth $28,000. Pingora Partners LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter worth $31,000. Signature Resources Capital Management LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter worth $32,000. North Star Investment Management Corp. increased its position in shares of iShares Gold Trust by 125.7% during the fourth quarter. North Star Investment Management Corp. now owns 860 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 479 shares in the last quarter. Finally, Chilton Capital Management LLC increased its position in shares of iShares Gold Trust by 162.8% during the fourth quarter. Chilton Capital Management LLC now owns 875 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 542 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock traded down $0.14 during trading hours on Thursday, reaching $43.55. 6,726,741 shares of the company’s stock were exchanged, compared to its average volume of 6,958,354. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $45.98. The stock’s 50 day moving average is $42.11 and its 200-day moving average is $39.49.

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.