Freestone Capital Holdings LLC Has $872,000 Position in iShares Gold Trust (NYSEARCA:IAU)

Freestone Capital Holdings LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 35.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,614 shares of the exchange traded fund’s stock after selling 9,573 shares during the period. Freestone Capital Holdings LLC’s holdings in iShares Gold Trust were worth $872,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in IAU. Marks Group Wealth Management Inc boosted its position in shares of iShares Gold Trust by 1.4% during the 3rd quarter. Marks Group Wealth Management Inc now owns 34,529 shares of the exchange traded fund’s stock valued at $1,716,000 after acquiring an additional 474 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of iShares Gold Trust during the 3rd quarter valued at about $571,000. Beacon Financial Advisory LLC acquired a new stake in shares of iShares Gold Trust during the 3rd quarter valued at about $206,000. Concurrent Investment Advisors LLC boosted its position in shares of iShares Gold Trust by 22.0% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 14,291 shares of the exchange traded fund’s stock valued at $710,000 after acquiring an additional 2,577 shares in the last quarter. Finally, Trademark Financial Management LLC boosted its position in shares of iShares Gold Trust by 4.1% during the 3rd quarter. Trademark Financial Management LLC now owns 52,665 shares of the exchange traded fund’s stock valued at $2,617,000 after acquiring an additional 2,069 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.5 %

Shares of IAU stock opened at $54.87 on Friday. iShares Gold Trust has a 12-month low of $40.63 and a 12-month high of $55.70. The company has a market capitalization of $37.24 billion, a P/E ratio of -33.32 and a beta of 0.20. The firm has a 50-day moving average price of $52.71 and a 200 day moving average price of $50.67.

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.