iShares Gold Trust $IAU Shares Sold by Wealth Management Partners LLC

Wealth Management Partners LLC lowered its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 8.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 182,860 shares of the exchange traded fund’s stock after selling 16,859 shares during the period. iShares Gold Trust accounts for approximately 4.6% of Wealth Management Partners LLC’s portfolio, making the stock its 4th biggest holding. Wealth Management Partners LLC’s holdings in iShares Gold Trust were worth $16,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in shares of iShares Gold Trust by 1.5% in the third quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock worth $2,241,280,000 after buying an additional 456,140 shares in the last quarter. LPL Financial LLC grew its stake in iShares Gold Trust by 1.5% during the 4th quarter. LPL Financial LLC now owns 13,742,286 shares of the exchange traded fund’s stock valued at $1,115,461,000 after acquiring an additional 203,528 shares in the last quarter. Wells Fargo & Company MN grew its stake in iShares Gold Trust by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 13,136,955 shares of the exchange traded fund’s stock valued at $1,066,327,000 after acquiring an additional 260,541 shares in the last quarter. UBS Group AG raised its holdings in iShares Gold Trust by 6.5% in the 3rd quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock valued at $665,704,000 after acquiring an additional 561,489 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after acquiring an additional 1,893,594 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $77.33 on Wednesday. The firm has a market capitalization of $65.83 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The company’s 50 day simple moving average is $85.10 and its two-hundred day simple moving average is $87.71. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40.

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About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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