Pinkerton Retirement Specialists LLC Sells 12,272 Shares of iShares Gold Trust (NYSEARCA:IAU)

Pinkerton Retirement Specialists LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 42.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,853 shares of the exchange traded fund’s stock after selling 12,272 shares during the quarter. Pinkerton Retirement Specialists LLC’s holdings in iShares Gold Trust were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC raised its stake in iShares Gold Trust by 2,943.8% in the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares in the last quarter. Wells Fargo & Company MN raised its stake in 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 in the last quarter. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 981,362 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in iShares Gold Trust by 200.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock valued at $533,651,000 after purchasing an additional 7,194,721 shares in the last quarter. Finally, LPL Financial LLC raised its stake in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after purchasing an additional 2,257,590 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $62.59 on Thursday. The firm’s 50 day simple moving average is $60.23 and its 200 day simple moving average is $54.66. The company has a market capitalization of $46.89 billion, a P/E ratio of -37.79 and a beta of 0.13. iShares Gold Trust has a 1-year low of $43.24 and a 1-year high of $64.98.

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.