Kaydan Wealth Management Inc. Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

Kaydan Wealth Management Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 38.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,390 shares of the exchange traded fund’s stock after selling 147,399 shares during the period. iShares Gold Trust makes up approximately 3.9% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 8th biggest position. Kaydan Wealth Management Inc.’s holdings in iShares Gold Trust were worth $11,753,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC increased its position in shares of iShares Gold Trust by 713.8% during the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after purchasing an additional 665,653 shares during the period. AE Wealth Management LLC boosted its stake in iShares Gold Trust by 21.4% during the second quarter. AE Wealth Management LLC now owns 182,231 shares of the exchange traded fund’s stock valued at $8,005,000 after buying an additional 32,165 shares in the last quarter. Bridgewealth Advisory Group LLC grew its holdings in iShares Gold Trust by 7.2% during the second quarter. Bridgewealth Advisory Group LLC now owns 24,374 shares of the exchange traded fund’s stock worth $1,071,000 after acquiring an additional 1,630 shares during the period. Fidelis Capital Partners LLC raised its position in iShares Gold Trust by 26.3% in the second quarter. Fidelis Capital Partners LLC now owns 42,772 shares of the exchange traded fund’s stock worth $1,927,000 after acquiring an additional 8,912 shares in the last quarter. Finally, K2 Principal Fund L.P. lifted its holdings in iShares Gold Trust by 400.0% in the 2nd quarter. K2 Principal Fund L.P. now owns 250,000 shares of the exchange traded fund’s stock valued at $10,982,000 after acquiring an additional 200,000 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $50.99 on Monday. The company has a 50-day moving average of $49.87 and a 200-day moving average of $48.76. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69.

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.