Arrowroot Family Office LLC Has $575,000 Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Arrowroot Family Office LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,606 shares of the exchange traded fund’s stock after selling 387 shares during the quarter. Arrowroot Family Office LLC’s holdings in iShares Gold Trust were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Tucker Asset Management LLC lifted its position in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth $28,000. Wintrust Investments LLC acquired a new stake in iShares Gold Trust in the 4th quarter valued at about $29,000. Finally, Financial Life Planners acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $33,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.2 %

Shares of NYSEARCA IAU opened at $60.97 on Friday. iShares Gold Trust has a 1-year low of $43.05 and a 1-year high of $64.98. The firm has a market cap of $44.79 billion, a P/E ratio of -37.96 and a beta of 0.17. The business’s 50 day moving average is $58.43 and its 200-day moving average is $53.74.

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.