Compass Financial Group Inc. Lowers Position in iShares Gold Trust (NYSEARCA:IAU)

Compass Financial Group Inc. lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,002 shares of the exchange traded fund’s stock after selling 692 shares during the quarter. iShares Gold Trust makes up about 1.1% of Compass Financial Group Inc.’s investment portfolio, making the stock its 25th largest position. Compass Financial Group Inc.’s holdings in iShares Gold Trust were worth $2,030,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of IAU. ORG Partners LLC bought a new stake in iShares Gold Trust in the fourth quarter worth $28,000. North Star Investment Management Corp. increased its position in iShares Gold Trust by 125.7% in 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 during the last quarter. Chilton Capital Management LLC increased its position in iShares Gold Trust by 162.8% in 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 during the last quarter. GAMMA Investing LLC bought a new stake in iShares Gold Trust in the fourth quarter worth $38,000. Finally, Tompkins Financial Corp bought a new stake in iShares Gold Trust in the fourth quarter worth $57,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.1 %

IAU traded down $0.05 during trading hours on Wednesday, hitting $43.86. The company’s stock had a trading volume of 5,177,836 shares, compared to its average volume of 6,843,895. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $45.98. The business’s 50-day moving average price is $41.54 and its 200-day moving average price is $39.20.

iShares Gold Trust Company 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.