SlateStone Wealth LLC Sells 450 Shares of iShares Gold Trust (NYSEARCA:IAU)

SlateStone Wealth LLC reduced its position in 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 firm owned 12,874 shares of the exchange traded fund’s stock after selling 450 shares during the quarter. SlateStone Wealth LLC’s holdings in iShares Gold Trust were worth $637,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC increased its holdings in iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after buying an additional 63,382,112 shares during the period. FMR LLC increased 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 during the period. JPMorgan Chase & Co. increased its holdings in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the period. WealthNavi Inc. increased its holdings in iShares Gold Trust by 2.4% in the 4th quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock valued at $293,297,000 after buying an additional 141,211 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after purchasing an additional 1,507,442 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.0 %

Shares of iShares Gold Trust stock opened at $56.29 on Monday. The firm has a market capitalization of $40.33 billion, a PE ratio of -34.13 and a beta of 0.20. The firm’s 50 day moving average is $53.40 and its 200 day moving average is $51.05. iShares Gold Trust has a 1 year low of $40.64 and a 1 year high of $56.53.

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.