Sandy Spring Bank Trims Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Sandy Spring Bank trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,644 shares of the exchange traded fund’s stock after selling 310 shares during the quarter. Sandy Spring Bank’s holdings in iShares Gold Trust were worth $180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust during the 4th quarter worth $29,000. Financial Life Planners purchased a new position in iShares Gold Trust during the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC increased its holdings in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.8 %

IAU opened at $56.97 on Friday. The stock’s fifty day moving average is $54.10 and its two-hundred day moving average is $51.34. The company has a market capitalization of $40.81 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52 week low of $40.81 and a 52 week high of $57.59.

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.