Towneley Capital Management Inc DE Sells 1,890 Shares of iShares Gold Trust (NYSEARCA:IAU)

Towneley Capital Management Inc DE lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 138,043 shares of the exchange traded fund’s stock after selling 1,890 shares during the quarter. iShares Gold Trust accounts for approximately 1.6% of Towneley Capital Management Inc DE’s portfolio, making the stock its 13th largest holding. Towneley Capital Management Inc DE’s holdings in iShares Gold Trust were worth $6,835,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cardinal Strategic Wealth Guidance bought a new position in shares of iShares Gold Trust during the 4th quarter valued at about $1,546,000. New Republic Capital LLC boosted its stake in iShares Gold Trust by 240.6% in the fourth quarter. New Republic Capital LLC now owns 34,948 shares of the exchange traded fund’s stock worth $1,730,000 after buying an additional 24,688 shares in the last quarter. True Vision MN LLC bought a new position in iShares Gold Trust during the fourth quarter valued at approximately $855,000. Sovran Advisors LLC bought a new position in iShares Gold Trust during the fourth quarter valued at approximately $778,000. Finally, Stonebridge Financial Group LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $8,824,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $54.88 on Tuesday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.95. The firm has a 50 day moving average price of $50.78 and a 200-day moving average price of $49.52.

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.