Pictet Asset Management Holding SA Sells 142,000 Shares of iShares Gold Trust (NYSEARCA:IAU)

Pictet Asset Management Holding SA trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 28.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350,500 shares of the exchange traded fund’s stock after selling 142,000 shares during the period. Pictet Asset Management Holding SA owned 0.05% of iShares Gold Trust worth $17,353,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Compass Financial Services Inc bought a new position in iShares Gold Trust in the 4th quarter worth approximately $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust during the fourth quarter worth $29,000. Financial Life Planners purchased a new position in iShares Gold Trust during the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust in the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC increased its holdings in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2 %

IAU opened at $58.86 on Wednesday. The company has a market capitalization of $42.53 billion, a PE ratio of -35.73 and a beta of 0.17. The firm has a 50-day simple moving average of $55.05 and a two-hundred day simple moving average of $51.90. iShares Gold Trust has a 52 week low of $42.57 and a 52 week high of $59.15.

iShares Gold Trust Company 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.