iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Decreased by Meridian Wealth Management LLC

Meridian Wealth Management LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,240 shares of the exchange traded fund’s stock after selling 391 shares during the period. Meridian Wealth Management LLC’s holdings in iShares Gold Trust were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Quadrant Private Wealth Management LLC lifted its stake in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares during the last quarter. TPG Advisors LLC grew its holdings in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after purchasing an additional 199 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in shares of iShares Gold Trust by 1.2% in the 4th 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. Baker Avenue Asset Management LP grew its holdings in shares of iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew 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 worth $410,000 after purchasing an additional 215 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.2 %

Shares of NYSEARCA IAU opened at $55.17 on Thursday. The firm’s 50-day simple moving average is $52.61 and its 200 day simple moving average is $50.64. The company has a market cap of $37.44 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 12-month low of $40.33 and a 12-month high of $55.70.

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.