Jaffetilchin Investment Partners LLC Lowers Stake in iShares Gold Trust (NYSEARCA:IAU)

Jaffetilchin Investment Partners LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 38.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,035 shares of the exchange traded fund’s stock after selling 3,782 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in iShares Gold Trust were worth $299,000 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 business. Tucker Asset Management LLC raised its position in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares during the last quarter. Compass Financial Services Inc purchased a new position in iShares Gold Trust in the fourth quarter worth about $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $40,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.9 %

Shares of NYSEARCA IAU opened at $60.96 on Friday. The firm has a market cap of $44.04 billion, a P/E ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a twelve month low of $43.05 and a twelve month high of $61.22. The company has a 50 day moving average of $56.18 and a 200 day moving average of $52.47.

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.