iShares Gold Trust (NYSEARCA:IAU) Stock Position Decreased by Blair William & Co. IL

Blair William & Co. IL decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,607 shares of the exchange traded fund’s stock after selling 40,995 shares during the quarter. Blair William & Co. IL’s holdings in iShares Gold Trust were worth $15,032,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of iShares Gold Trust by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after purchasing an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust during the fourth quarter worth $442,000. Sanchez Wealth Management Group bought a new position in iShares Gold Trust during the fourth quarter valued at about $228,000. JPMorgan Chase & Co. lifted its position in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, Independent Family Office LLC boosted its stake in shares of iShares Gold Trust by 4.1% during the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after acquiring an additional 16,827 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $58.13 on Friday. The stock’s 50 day simple moving average is $54.75 and its 200 day simple moving average is $51.69. iShares Gold Trust has a twelve month low of $42.15 and a twelve month high of $58.24. The company has a market capitalization of $41.64 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.