Independent Family Office LLC Sells 6,500 Shares of iShares Gold Trust (NYSEARCA:IAU)

Independent Family Office LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 419,357 shares of the exchange traded fund’s stock after selling 6,500 shares during the period. iShares Gold Trust comprises approximately 10.8% of Independent Family Office LLC’s portfolio, making the stock its 3rd biggest holding. Independent Family Office LLC owned 0.06% of iShares Gold Trust worth $20,762,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IAU. Oppenheimer & Co. Inc. grew its holdings in iShares Gold Trust by 42.8% in the third quarter. Oppenheimer & Co. Inc. now owns 38,259 shares of the exchange traded fund’s stock valued at $1,901,000 after purchasing an additional 11,471 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in iShares Gold Trust by 0.6% in the third quarter. Thrivent Financial for Lutherans now owns 110,016 shares of the exchange traded fund’s stock valued at $5,468,000 after purchasing an additional 640 shares during the last quarter. Strengthening Families & Communities LLC grew its holdings in iShares Gold Trust by 279.3% in the third quarter. Strengthening Families & Communities LLC now owns 50,892 shares of the exchange traded fund’s stock valued at $2,529,000 after purchasing an additional 37,476 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in iShares Gold Trust in the third quarter valued at $284,000. Finally, Pathstone Holdings LLC grew its holdings in iShares Gold Trust by 0.7% in the third quarter. Pathstone Holdings LLC now owns 156,746 shares of the exchange traded fund’s stock valued at $7,790,000 after purchasing an additional 1,033 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

Shares of NYSEARCA:IAU opened at $56.62 on Tuesday. iShares Gold Trust has a 52-week low of $40.64 and a 52-week high of $57.11. The stock’s fifty day simple moving average is $53.54 and its 200-day simple moving average is $51.12. The company has a market capitalization of $40.56 billion, a P/E ratio of -34.13 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.