Fiduciary Trust Co decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.3% during the fourth quarter, HoldingsChannel reports. The fund owned 84,169 shares of the exchange traded fund’s stock after selling 7,635 shares during the quarter. Fiduciary Trust Co’s holdings in iShares Gold Trust were worth $4,167,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Tucker Asset Management LLC boosted its holdings in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 263 shares during the period. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of iShares Gold Trust in the fourth quarter worth about $28,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust in the 4th quarter worth about $29,000. Finally, Financial Life Planners bought a new stake in iShares Gold Trust during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU stock opened at $62.77 on Friday. The company has a market capitalization of $46.11 billion, a P/E ratio of -37.96 and a beta of 0.17. The company’s 50-day simple moving average is $59.30 and its two-hundred day simple moving average is $54.15. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98.
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.
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