Moulton Wealth Management Inc. Trims Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Moulton Wealth Management Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 81,701 shares of the exchange traded fund’s stock after selling 3,270 shares during the quarter. iShares Gold Trust accounts for about 3.1% of Moulton Wealth Management Inc.’s holdings, making the stock its 8th biggest holding. Moulton Wealth Management Inc.’s holdings in iShares Gold Trust were worth $4,045,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Quadrature Capital Ltd bought a new position in iShares Gold Trust during the 3rd quarter worth approximately $95,801,000. Truist Financial Corp increased its stake in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after buying an additional 1,339,100 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares Gold Trust by 9.6% during 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 last quarter. Park Avenue Securities LLC boosted its position in iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after buying an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $50.99 on Monday. The firm’s 50-day moving average price is $49.87 and its two-hundred day moving average price is $48.76. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.