Motco Decreases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Motco decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,389 shares of the exchange traded fund’s stock after selling 778 shares during the quarter. Motco’s holdings in iShares Gold Trust were worth $3,832,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC purchased a new position in iShares Gold Trust in the fourth quarter valued at about $442,000. Sanchez Wealth Management Group acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at approximately $228,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 9.6% during the 3rd 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 during the last quarter. Independent Family Office LLC grew its position 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 worth $21,155,000 after buying an additional 16,827 shares in the last quarter. Finally, Silverleafe Capital Partners LLC increased its stake in shares of iShares Gold Trust by 0.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $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 Price Performance

IAU opened at $54.20 on Friday. iShares Gold Trust has a 12-month low of $38.41 and a 12-month high of $55.70. The stock has a market capitalization of $36.78 billion, a PE ratio of -33.32 and a beta of 0.20. The firm’s fifty day moving average price is $52.19 and its 200 day moving average price is $50.39.

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.