Congress Wealth Management LLC DE Sells 749 Shares of iShares Gold Trust (NYSEARCA:IAU)

Congress Wealth Management LLC DE decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,819 shares of the exchange traded fund’s stock after selling 749 shares during the quarter. Congress Wealth Management LLC DE’s holdings in iShares Gold Trust were worth $1,229,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IAU. Quadrant Private Wealth Management LLC raised its position in shares of iShares Gold Trust by 2.3% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares in the last quarter. TPG Advisors LLC raised its position in iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares in the last quarter. Riggs Asset Managment Co. Inc. lifted its stake in iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after purchasing an additional 215 shares in the last quarter. Finally, Howard Financial Services LTD. increased its stake in shares of iShares Gold Trust by 3.2% in the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after purchasing an additional 250 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.3 %

Shares of IAU stock opened at $57.68 on Friday. The business has a fifty day simple moving average of $54.61 and a 200 day simple moving average of $51.62. The company has a market cap of $41.32 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a twelve month low of $41.65 and a twelve month high of $58.12.

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.