Grant Street Asset Management Inc. Sells 7,584 Shares of iShares Gold Trust (NYSEARCA:IAU)

Grant Street Asset Management Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 56.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,953 shares of the exchange traded fund’s stock after selling 7,584 shares during the quarter. Grant Street Asset Management Inc.’s holdings in iShares Gold Trust were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IAU. Proficio Capital Partners LLC increased its stake in 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 purchasing an additional 63,382,112 shares in the last quarter. FMR LLC increased its position in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after purchasing an additional 142,487 shares during the period. Empower Advisory Group LLC boosted its stake in iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after buying an additional 111,210 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake 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 valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $54.91 on Monday. The firm has a market cap of $37.26 billion, a P/E ratio of -33.32 and a beta of 0.20. The stock’s 50 day moving average is $52.82 and its 200 day moving average is $50.77. iShares Gold Trust has a one year low of $40.63 and a one year high of $55.70.

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.