Whittier Trust Co. Reduces Stake in iShares Gold Trust (NYSEARCA:IAU)

Whittier Trust Co. reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 12.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,000 shares of the exchange traded fund’s stock after selling 8,835 shares during the period. Whittier Trust Co.’s holdings in iShares Gold Trust were worth $3,019,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of iShares Gold Trust by 5.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after purchasing an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $442,000. Sanchez Wealth Management Group acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $228,000. JPMorgan Chase & Co. boosted 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 worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, Independent Family Office LLC boosted 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 worth $21,155,000 after purchasing an additional 16,827 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

IAU stock opened at $56.97 on Friday. iShares Gold Trust has a 52-week low of $40.81 and a 52-week high of $57.59. The stock has a market capitalization of $40.81 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The stock’s fifty day simple moving average is $54.10 and its 200-day simple moving average is $51.34.

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.