iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,058 shares of the exchange traded fund’s stock after selling 1,073 shares during the period. Freedom Investment Management Inc.’s holdings in iShares Gold Trust were worth $1,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Proficio Capital Partners LLC grew its holdings in shares of iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after acquiring an additional 7,194,721 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Gold Trust by 35.4% during the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after purchasing an additional 2,257,590 shares during the last quarter. Truist Financial Corp grew its position in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after purchasing an additional 1,507,442 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of iShares Gold Trust by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.5 %

Shares of NYSEARCA:IAU opened at $62.63 on Friday. iShares Gold Trust has a 52-week low of $43.05 and a 52-week high of $63.03. The stock has a market cap of $45.25 billion, a P/E ratio of -35.73 and a beta of 0.17. The business has a fifty day moving average of $56.94 and a two-hundred day moving average of $52.86.

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.