Vivaldi Capital Management LP Trims Position in iShares Gold Trust (NYSEARCA:IAU)

Vivaldi Capital Management LP lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 134,076 shares of the exchange traded fund’s stock after selling 9,041 shares during the quarter. iShares Gold Trust comprises 1.5% of Vivaldi Capital Management LP’s portfolio, making the stock its 16th largest holding. Vivaldi Capital Management LP’s holdings in iShares Gold Trust were worth $5,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PFG Advisors grew its holdings in iShares Gold Trust by 3.7% during the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after buying an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings 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 worth $762,000 after purchasing an additional 13,101 shares in the last quarter. Hsbc Holdings PLC grew its holdings 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 worth $3,482,000 after purchasing an additional 6,263 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter worth about $544,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 10.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.3 %

Shares of NYSEARCA IAU traded up $0.14 during midday trading on Tuesday, hitting $43.77. 2,579,623 shares of the company’s stock were exchanged, compared to its average volume of 6,636,875. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $46.08. The business’s fifty day moving average price is $44.31 and its two-hundred day moving average price is $40.94.

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.