TD Private Client Wealth LLC Sells 3,003 Shares of iShares Gold Trust (NYSEARCA:IAU)

TD Private Client Wealth LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,807 shares of the exchange traded fund’s stock after selling 3,003 shares during the period. TD Private Client Wealth LLC’s holdings in iShares Gold Trust were worth $1,278,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC boosted its position in shares of iShares Gold Trust by 2,943.8% in the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after purchasing an additional 63,382,112 shares during the period. FMR LLC boosted its position in shares of iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after purchasing an additional 60,784 shares during the period. JPMorgan Chase & Co. boosted 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 purchasing an additional 981,362 shares during the period. WealthNavi Inc. boosted its position in shares of iShares Gold Trust by 2.4% in the fourth quarter. WealthNavi Inc. now owns 5,924,001 shares of the exchange traded fund’s stock worth $293,297,000 after purchasing an additional 141,211 shares during the period. Finally, Truist Financial Corp boosted its position in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $56.97 on Friday. iShares Gold Trust has a one year low of $41.05 and a one year high of $57.59. The company’s fifty day moving average price is $54.10 and its 200-day moving average price is $51.37. The company has a market capitalization of $40.81 billion, a PE 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.