Cyndeo Wealth Partners LLC Has $16.48 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Cyndeo Wealth Partners LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,523 shares of the exchange traded fund’s stock after selling 11,686 shares during the quarter. iShares Gold Trust makes up 1.1% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 19th biggest holding. Cyndeo Wealth Partners LLC’s holdings in iShares Gold Trust were worth $16,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after acquiring an additional 62,195 shares during the last quarter. Betterment LLC boosted its holdings in iShares Gold Trust by 1.8% in the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 199 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in iShares Gold Trust by 494.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,022 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 850 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Finally, NTV Asset Management LLC boosted its holdings in iShares Gold Trust by 0.7% in the fourth quarter. NTV Asset Management LLC now owns 191,980 shares of the exchange traded fund’s stock valued at $9,505,000 after acquiring an additional 1,377 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $64.74 on Monday. The business’s 50 day simple moving average is $62.12 and its 200 day simple moving average is $56.28. iShares Gold Trust has a one year low of $43.35 and a one year high of $65.00. The stock has a market capitalization of $47.65 billion, a PE ratio of -38.57 and a beta of 0.12.

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.