D. Scott Neal Inc. Trims Holdings in iShares Gold Trust (NYSEARCA:IAU)

D. Scott Neal Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 69,895 shares of the exchange traded fund’s stock after selling 763 shares during the period. iShares Gold Trust accounts for approximately 1.9% of D. Scott Neal Inc.’s investment portfolio, making the stock its 11th biggest holding. D. Scott Neal Inc.’s holdings in iShares Gold Trust were worth $3,461,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after buying an additional 142,487 shares during the period. Empower Advisory Group LLC boosted its position in iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the period. Finally, WealthNavi Inc. raised its position in shares of iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after acquiring an additional 233,999 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $50.91 on Thursday. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69. The business has a 50 day moving average of $49.85 and a 200-day moving average of $48.62.

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.