Quintet Private Bank Europe S.A. Sells 2,940 Shares of iShares Gold Trust (NYSEARCA:IAU)

Quintet Private Bank Europe S.A. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 33.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,885 shares of the exchange traded fund’s stock after selling 2,940 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in iShares Gold Trust were worth $347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Quadrant Private Wealth Management LLC increased its stake in shares of iShares Gold Trust by 2.3% during 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 purchasing an additional 195 shares in the last quarter. TPG Advisors LLC increased its stake in shares of iShares Gold Trust by 0.7% during the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares in the last quarter. Betterment LLC increased its stake in shares of iShares Gold Trust by 1.8% during the fourth quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 199 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of iShares Gold Trust by 0.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after purchasing an additional 200 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of iShares Gold Trust by 1.5% during the first quarter. Capital Investment Advisors LLC now owns 15,915 shares of the exchange traded fund’s stock valued at $938,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.2%

Shares of IAU opened at $63.89 on Friday. The company has a market capitalization of $47.02 billion, a P/E ratio of -38.57 and a beta of 0.12. The firm has a 50 day moving average of $61.95 and a 200 day moving average of $56.09. iShares Gold Trust has a twelve month low of $43.35 and a twelve month high of $64.98.

About iShares Gold Trust

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.