iShares Gold Trust (NYSEARCA:IAU) Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 30.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,919 shares of the exchange traded fund’s stock after selling 2,580 shares during the period. First Financial Bankshares Inc’s holdings in iShares Gold Trust were worth $293,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in iShares Gold Trust by 5.8% during the fourth 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 acquiring an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth about $442,000. Sanchez Wealth Management Group acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $228,000. JPMorgan Chase & Co. raised its holdings in 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 valued at $557,498,000 after buying an additional 981,362 shares during the period. Finally, Independent Family Office LLC lifted its position in iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after buying an additional 16,827 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.1 %

IAU opened at $57.27 on Wednesday. iShares Gold Trust has a 52-week low of $40.64 and a 52-week high of $57.33. The company has a 50 day moving average of $53.69 and a two-hundred day moving average of $51.19. The company has a market cap of $41.03 billion, a P/E ratio of -34.13 and a beta of 0.20.

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.