Rockefeller Capital Management L.P. Decreases Stock Holdings in iShares Gold Trust $IAU

Rockefeller Capital Management L.P. cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,340,803 shares of the exchange traded fund’s stock after selling 77,789 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.18% of iShares Gold Trust worth $84,081,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of IAU. Keener Financial Planning LLC purchased a new stake in iShares Gold Trust in the second quarter worth $25,000. Private Wealth Management Group LLC increased its holdings in iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares during the last quarter. Key Financial Inc purchased a new stake in iShares Gold Trust in the 2nd quarter worth about $28,000. Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust in the 1st quarter valued at about $29,000. Finally, VSM Wealth Advisory LLC purchased a new stake in iShares Gold Trust during the first quarter valued at about $39,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $76.98 on Friday. The stock has a market capitalization of $63.44 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company’s fifty day simple moving average is $74.20 and its two-hundred day simple moving average is $67.00. iShares Gold Trust has a 1 year low of $48.32 and a 1 year high of $82.55.

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.