Evercore Wealth Management LLC Lowers Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Evercore Wealth Management LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 648,598 shares of the exchange traded fund’s stock after selling 4,762 shares during the period. Evercore Wealth Management LLC owned about 0.10% of iShares Gold Trust worth $32,112,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in IAU. Tucker Asset Management LLC lifted its stake in iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares in the last quarter. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $27,000. Wintrust Investments LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $29,000. Financial Life Planners acquired a new position in iShares Gold Trust during the 4th quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the 4th quarter valued at about $40,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $63.66 on Wednesday. iShares Gold Trust has a fifty-two week low of $43.05 and a fifty-two week high of $64.98. The company has a 50 day moving average price of $57.31 and a 200 day moving average price of $53.08. The stock has a market capitalization of $46.77 billion, a P/E ratio of -37.96 and a beta of 0.17.

About iShares Gold Trust

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.