iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Lowered by Sinecera Capital LLC

Sinecera Capital LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 18.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 131,008 shares of the exchange traded fund’s stock after selling 29,554 shares during the period. iShares Gold Trust makes up about 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust by 413,629.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund’s stock valued at $1,003,051,000 after buying an additional 28,991,285 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after acquiring an additional 3,815,686 shares during the period. Packer & Co Ltd purchased a new position in iShares Gold Trust in the third quarter worth about $125,443,000. WealthNavi Inc. grew its stake in shares of iShares Gold Trust by 68.4% during the 3rd quarter. WealthNavi Inc. now owns 3,909,316 shares of the exchange traded fund’s stock valued at $136,787,000 after purchasing an additional 1,588,425 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of iShares Gold Trust during the 3rd quarter valued at about $50,473,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU traded up $0.52 during trading hours on Thursday, hitting $42.01. 7,257,845 shares of the company’s stock traded hands, compared to its average volume of 5,420,563. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $42.09. The business’s fifty day moving average price is $39.28 and its two-hundred day moving average price is $38.05.

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.