Sentinel Trust Co. LBA Has $6.70 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Sentinel Trust Co. LBA lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 18.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,264 shares of the exchange traded fund’s stock after selling 30,720 shares during the quarter. iShares Gold Trust comprises approximately 0.8% of Sentinel Trust Co. LBA’s investment portfolio, making the stock its 24th biggest position. Sentinel Trust Co. LBA’s holdings in iShares Gold Trust were worth $6,697,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in IAU. Verus Capital Partners LLC grew its stake in iShares Gold Trust by 114.5% during the fourth quarter. Verus Capital Partners LLC now owns 13,589 shares of the exchange traded fund’s stock worth $673,000 after buying an additional 7,255 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after acquiring an additional 63,382,112 shares during the period. Oppenheimer Asset Management Inc. boosted its position in shares of iShares Gold Trust by 1.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 324,755 shares of the exchange traded fund’s stock worth $16,079,000 after acquiring an additional 4,376 shares in the last quarter. MKD Wealth Coaches LLC bought a new position in iShares Gold Trust in the fourth quarter valued at approximately $386,000. Finally, Lineweaver Wealth Advisors LLC acquired a new position in iShares Gold Trust during the fourth quarter valued at approximately $2,155,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $54.20 on Friday. iShares Gold Trust has a fifty-two week low of $38.41 and a fifty-two week high of $55.70. The business has a fifty day moving average price of $52.19 and a two-hundred day moving average price of $50.39. The stock has a market capitalization of $36.78 billion, a PE ratio of -33.32 and a beta of 0.20.

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.