iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 471,564 shares of the exchange traded fund’s stock after selling 16,741 shares during the quarter. iShares Gold Trust makes up about 1.4% of Checchi Capital Advisers LLC’s portfolio, making the stock its 6th biggest holding. Checchi Capital Advisers LLC owned approximately 0.07% of iShares Gold Trust worth $23,347,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. FMR LLC grew its holdings in iShares Gold Trust by 0.3% in the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after buying an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares during the last quarter. Empower Advisory Group LLC grew its holdings in shares of iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares during the period. JPMorgan Chase & Co. increased its position in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, Truist Financial Corp increased its position in iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $54.97 on Wednesday. The company’s 50-day moving average is $51.96 and its two-hundred day moving average is $50.33. iShares Gold Trust has a 1-year low of $38.31 and a 1-year high of $55.70. The firm has a market capitalization of $37.31 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

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.