iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Titleist Asset Management LLC

Titleist Asset Management LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 48.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,599 shares of the exchange traded fund’s stock after selling 10,796 shares during the period. Titleist Asset Management LLC’s holdings in iShares Gold Trust were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. grew its stake in shares of iShares Gold Trust by 34.4% during the 4th quarter. Wedbush Securities Inc. now owns 42,782 shares of the exchange traded fund’s stock worth $2,118,000 after purchasing an additional 10,945 shares during the period. Envestnet Asset Management Inc. boosted its holdings in iShares Gold Trust by 200.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after buying an additional 7,194,721 shares in the last quarter. Perennial Investment Advisors LLC boosted its holdings in iShares Gold Trust by 178.8% during the fourth quarter. Perennial Investment Advisors LLC now owns 26,971 shares of the exchange traded fund’s stock worth $1,335,000 after buying an additional 17,296 shares in the last quarter. KCM Investment Advisors LLC grew its position in iShares Gold Trust by 15.5% during the fourth quarter. KCM Investment Advisors LLC now owns 15,915 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 2,132 shares during the period. Finally, Resona Asset Management Co. Ltd. purchased a new position in iShares Gold Trust in the fourth quarter valued at about $9,717,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $57.26 on Monday. The firm has a market capitalization of $41.37 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The business’s 50 day simple moving average is $55.42 and its 200-day simple moving average is $52.10. iShares Gold Trust has a 12 month low of $43.05 and a 12 month high of $59.15.

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.