iShares Gold Trust (NYSEARCA:IAU) Stake Lowered by Fielder Capital Group LLC

Fielder Capital Group LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 268,962 shares of the exchange traded fund’s stock after selling 4,565 shares during the quarter. iShares Gold Trust makes up 4.2% of Fielder Capital Group LLC’s holdings, making the stock its 4th largest holding. Fielder Capital Group LLC’s holdings in iShares Gold Trust were worth $13,316,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Strategic Financial Concepts LLC bought a new position in iShares Gold Trust in the 4th quarter valued at approximately $442,000. Sanchez Wealth Management Group purchased a new position in shares of iShares Gold Trust in the fourth quarter worth $228,000. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% during 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 purchasing an additional 981,362 shares in the last quarter. Independent Family Office LLC lifted its holdings in shares of iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after purchasing an additional 16,827 shares in the last quarter. Finally, Silverleafe Capital Partners LLC boosted its position in shares of iShares Gold Trust by 0.4% during the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $54.20 on Friday. iShares Gold Trust has a one year low of $38.41 and a one year high of $55.70. The stock has a 50-day moving average of $52.19 and a 200 day moving average of $50.39. The company has a market capitalization of $36.78 billion, a price-to-earnings 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.