WR Wealth Planners LLC Sells 435 Shares of iShares Gold Trust (NYSEARCA:IAU)

WR Wealth Planners LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.0% during the 4th quarter, Holdings Channel reports. The fund owned 2,904 shares of the exchange traded fund’s stock after selling 435 shares during the period. WR Wealth Planners LLC’s holdings in iShares Gold Trust were worth $144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Proficio Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after buying an additional 63,382,112 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of iShares Gold Trust in the 3rd quarter valued at about $95,801,000. Truist Financial Corp boosted its holdings in shares of iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after buying an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares Gold Trust by 9.6% in the 3rd 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 in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.6 %

IAU stock opened at $53.87 on Friday. The firm has a 50 day moving average of $52.27 and a 200 day moving average of $50.47. The stock has a market capitalization of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 52 week low of $38.65 and a 52 week high of $55.70.

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.