iShares Gold Trust (NYSEARCA:IAU) Holdings Cut by Carl Stuart Investment Advisor Inc.

Carl Stuart Investment Advisor Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 617,752 shares of the exchange traded fund’s stock after selling 4,797 shares during the period. iShares Gold Trust accounts for 16.3% of Carl Stuart Investment Advisor Inc.’s holdings, making the stock its 2nd biggest position. Carl Stuart Investment Advisor Inc. owned about 0.09% of iShares Gold Trust worth $30,585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IAU. Proficio Capital Partners LLC lifted its holdings in iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust in the third quarter worth about $95,801,000. Truist Financial Corp lifted its stake in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after buying an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of iShares Gold Trust by 6,538.7% in the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after buying an additional 672,568 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.4 %

NYSEARCA:IAU opened at $55.30 on Thursday. The company’s 50-day moving average price is $53.15 and its 200-day moving average price is $50.91. The company has a market cap of $37.53 billion, a P/E ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a twelve month low of $40.64 and a twelve month high of $55.70.

About iShares Gold Trust

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.