Fiduciary Trust Co reduced its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,169 shares of the exchange traded fund’s stock after selling 7,635 shares during the period. Fiduciary Trust Co’s holdings in iShares Gold Trust were worth $4,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of IAU. Tucker Asset Management LLC raised its holdings in iShares Gold Trust by 106.9% in the 4th 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 during the period. Compass Financial Services Inc purchased a new stake in iShares Gold Trust in the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter worth about $28,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at about $29,000. Finally, Financial Life Planners bought a new position in shares of iShares Gold Trust during the 4th quarter valued at approximately $33,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 0.7 %
NYSEARCA IAU opened at $62.77 on Friday. iShares Gold Trust has a 12 month low of $43.24 and a 12 month high of $64.98. The stock has a market cap of $46.11 billion, a price-to-earnings ratio of -37.96 and a beta of 0.17. The company’s 50 day moving average is $59.30 and its two-hundred day moving average is $54.15.
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.
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