SGL Investment Advisors Inc. Lowers Position in iShares Gold Trust (NYSEARCA:IAU)

SGL Investment Advisors Inc. decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,340 shares of the exchange traded fund’s stock after selling 418 shares during the period. SGL Investment Advisors Inc.’s holdings in iShares Gold Trust were worth $676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares during the period. Miracle Mile Advisors LLC acquired a new stake in shares of iShares Gold Trust in the fourth quarter worth $417,000. Sovereign Financial Group Inc. raised its stake in shares of iShares Gold Trust by 70.7% in the 4th quarter. Sovereign Financial Group Inc. now owns 10,386 shares of the exchange traded fund’s stock valued at $514,000 after acquiring an additional 4,303 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in shares of iShares Gold Trust by 3.9% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 9,024 shares of the exchange traded fund’s stock valued at $447,000 after acquiring an additional 337 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.6%

Shares of iShares Gold Trust stock opened at $60.93 on Friday. The company has a fifty day moving average price of $59.77 and a 200 day moving average price of $54.40. iShares Gold Trust has a twelve month low of $43.24 and a twelve month high of $64.98. The stock has a market cap of $45.64 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13.

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.