Pinkerton Retirement Specialists LLC Reduces Position in iShares Gold Trust (NYSEARCA:IAU)

Pinkerton Retirement Specialists LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,894 shares of the exchange traded fund’s stock after selling 2,847 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in iShares Gold Trust were worth $1,256,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of IAU. Charles Schwab Investment Management Inc. boosted its holdings in shares of iShares Gold Trust by 226.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares during the period. Chevy Chase Trust Holdings LLC boosted its holdings in shares of iShares Gold Trust by 57.8% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 1,695,861 shares of the exchange traded fund’s stock valued at $66,189,000 after purchasing an additional 621,382 shares during the period. WealthNavi Inc. boosted its holdings in shares of iShares Gold Trust by 12.9% in the fourth quarter. WealthNavi Inc. now owns 4,414,668 shares of the exchange traded fund’s stock valued at $172,304,000 after purchasing an additional 505,352 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after purchasing an additional 463,281 shares during the period. Finally, Tanglewood Wealth Management Inc. raised its stake in iShares Gold Trust by 53.2% in the fourth quarter. Tanglewood Wealth Management Inc. now owns 1,187,083 shares of the exchange traded fund’s stock worth $46,332,000 after buying an additional 412,407 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU traded down $0.83 during trading hours on Friday, reaching $45.32. The company’s stock had a trading volume of 4,611,044 shares, compared to its average volume of 3,907,545. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $46.93. The stock has a 50 day moving average price of $44.56 and a two-hundred day moving average price of $42.11.

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.