iShares Gold Trust (NYSEARCA:IAU) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 14.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,124 shares of the exchange traded fund’s stock after selling 675 shares during the quarter. IPG Investment Advisors LLC’s holdings in iShares Gold Trust were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Proficio Capital Partners LLC grew its stake in iShares Gold Trust by 2,943.8% during 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 buying an additional 63,382,112 shares during the period. LPL Financial LLC lifted its stake in shares of iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of iShares Gold Trust in the third quarter worth about $95,801,000. Truist Financial Corp grew its stake 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 valued at $205,976,000 after buying an additional 1,507,442 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares Gold Trust by 4,039.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock valued at $55,375,000 after buying an additional 1,091,440 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $58.13 on Monday. iShares Gold Trust has a one year low of $42.15 and a one year high of $58.98. The stock’s 50 day moving average price is $54.75 and its 200 day moving average price is $51.75. The firm has a market capitalization of $41.64 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.