Gibson Capital LLC Reduces Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Gibson Capital LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,670 shares of the exchange traded fund’s stock after selling 475 shares during the quarter. iShares Gold Trust comprises about 0.9% of Gibson Capital LLC’s investment portfolio, making the stock its 10th biggest holding. Gibson Capital LLC’s holdings in iShares Gold Trust were worth $4,291,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after acquiring an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $442,000. Sanchez Wealth Management Group bought a new stake in iShares Gold Trust during the 4th quarter valued at about $228,000. 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 worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, Independent Family Office LLC lifted its stake in shares of iShares Gold Trust by 4.1% in the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after buying an additional 16,827 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.4 %

Shares of NYSEARCA IAU opened at $58.96 on Tuesday. The firm has a market cap of $42.24 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a twelve month low of $42.15 and a twelve month high of $59.15. The company has a 50 day moving average of $54.91 and a 200 day moving average of $51.82.

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.