Sinecera Capital LLC Sells 29,554 Shares of iShares Gold Trust (NYSEARCA:IAU)

Sinecera Capital LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 18.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,008 shares of the exchange traded fund’s stock after selling 29,554 shares during the period. iShares Gold Trust accounts for approximately 5.4% of Sinecera Capital LLC’s investment portfolio, making the stock its 8th largest position. Sinecera Capital LLC’s holdings in iShares Gold Trust were worth $5,148,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Transform Wealth LLC lifted its stake in shares of iShares Gold Trust by 1.4% in the 4th quarter. Transform Wealth LLC now owns 167,042 shares of the exchange traded fund’s stock valued at $6,520,000 after purchasing an additional 2,300 shares during the last quarter. WealthCare Investment Partners LLC raised its stake in iShares Gold Trust by 15.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 75,775 shares of the exchange traded fund’s stock valued at $2,907,000 after buying an additional 10,230 shares in the last quarter. Maltin Wealth Management Inc. increased its stake in iShares Gold Trust by 2.0% in the fourth quarter. Maltin Wealth Management Inc. now owns 115,762 shares of the exchange traded fund’s stock valued at $4,518,000 after purchasing an additional 2,272 shares during the last quarter. CPA Asset Management LLC raised its stake in iShares Gold Trust by 39.1% during the 4th quarter. CPA Asset Management LLC now owns 218,252 shares of the exchange traded fund’s stock worth $8,518,000 after acquiring an additional 61,371 shares in the last quarter. Finally, Deane Retirement Strategies Inc. purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $3,810,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU traded up $0.52 during mid-day trading on Thursday, reaching $42.01. 7,257,845 shares of the company’s stock were exchanged, compared to its average volume of 5,420,563. The business’s fifty day simple moving average is $39.28 and its 200-day simple moving average is $38.05. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $42.09.

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.