Watch Point Trust Co Has $154,000 Holdings in iShares Gold Trust (IAU)

Watch Point Trust Co cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 75.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,500 shares of the exchange traded fund’s stock after selling 37,730 shares during the quarter. Watch Point Trust Co’s holdings in iShares Gold Trust were worth $154,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Lenox Wealth Management Inc. increased its stake in shares of iShares Gold Trust by 3.1% in the fourth quarter. Lenox Wealth Management Inc. now owns 706,895 shares of the exchange traded fund’s stock valued at $8,688,000 after buying an additional 21,477 shares in the last quarter. Howland Capital Management LLC increased its position in iShares Gold Trust by 95.1% in the fourth quarter. Howland Capital Management LLC now owns 386,052 shares of the exchange traded fund’s stock worth $4,745,000 after purchasing an additional 188,208 shares during the period. MACRO Consulting Group acquired a new stake in iShares Gold Trust in the fourth quarter worth about $13,265,000. Boenning & Scattergood Inc. increased its position in iShares Gold Trust by 49.5% in the fourth quarter. Boenning & Scattergood Inc. now owns 30,199 shares of the exchange traded fund’s stock worth $371,000 after purchasing an additional 10,000 shares during the period. Finally, James Investment Research Inc. increased its position in iShares Gold Trust by 70.1% in the fourth quarter. James Investment Research Inc. now owns 481,912 shares of the exchange traded fund’s stock worth $5,923,000 after purchasing an additional 198,607 shares during the period.

IAU stock traded down $0.01 during midday trading on Wednesday, reaching $12.29. The stock had a trading volume of 14,494,899 shares, compared to its average volume of 15,098,662. iShares Gold Trust has a twelve month low of $11.25 and a twelve month high of $13.11.

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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.

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