Arete Wealth Advisors LLC Trims Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Arete Wealth Advisors LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 78.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,747 shares of the exchange traded fund’s stock after selling 41,726 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in IAU. Proficio Capital Partners LLC boosted its position in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after purchasing an additional 63,382,112 shares during the period. LPL Financial LLC boosted its position 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 buying an additional 2,257,590 shares during the period. Truist Financial Corp boosted its position in shares of iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after buying an additional 1,507,442 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares Gold Trust by 4,039.4% in the fourth 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 in the last quarter. Finally, Allianz SE purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at $52,027,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $57.26 on Friday. The stock has a market capitalization of $41.37 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The business has a 50-day moving average of $55.42 and a 200 day moving average of $52.07. iShares Gold Trust has a 12 month low of $43.05 and a 12 month high of $59.15.

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.