Lowe Wealth Advisors LLC Sells 1,179 Shares of iShares Gold Trust (NYSEARCA:IAU)

Lowe Wealth Advisors LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,225 shares of the exchange traded fund’s stock after selling 1,179 shares during the quarter. iShares Gold Trust accounts for approximately 4.2% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Lowe Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $9,860,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Quadrant Private Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after acquiring an additional 195 shares in the last quarter. TPG Advisors LLC boosted its holdings in shares of iShares Gold Trust by 0.7% during the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after acquiring an additional 199 shares in the last quarter. Betterment LLC boosted its holdings in shares of iShares Gold Trust by 1.8% during the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after acquiring an additional 199 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of iShares Gold Trust by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after acquiring an additional 200 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. boosted its holdings in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6%

NYSEARCA IAU opened at $62.54 on Friday. iShares Gold Trust has a twelve month low of $43.24 and a twelve month high of $64.98. The company has a market cap of $46.85 billion, a price-to-earnings ratio of -37.79 and a beta of 0.13. The business’s fifty day moving average is $60.90 and its 200 day moving average is $55.15.

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.