Colony Family Offices LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 48.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,820 shares of the exchange traded fund’s stock after selling 11,040 shares during the quarter. Colony Family Offices LLC’s holdings in iShares Gold Trust were worth $585,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in iShares Gold Trust in the fourth quarter valued at approximately $27,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at $29,000. Financial Life Planners acquired a new stake in iShares Gold Trust during the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC lifted 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 worth $42,000 after buying an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
Shares of NYSEARCA IAU opened at $56.70 on Tuesday. iShares Gold Trust has a 1 year low of $41.05 and a 1 year high of $57.59. The stock’s 50-day simple moving average is $54.23 and its 200-day simple moving average is $51.47. The firm has a market cap of $40.62 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20.
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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