Weil Company Inc. Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

Weil Company Inc. decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,203 shares of the exchange traded fund’s stock after selling 3,308 shares during the period. iShares Gold Trust makes up 2.2% of Weil Company Inc.’s investment portfolio, making the stock its 11th largest holding. Weil Company Inc.’s holdings in iShares Gold Trust were worth $6,298,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IAU. Compass Financial Services Inc bought a new stake in iShares Gold Trust during the 4th quarter valued at approximately $27,000. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust in the fourth quarter worth $40,000. Finally, Valued Wealth Advisors LLC raised its holdings in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.3 %

Shares of iShares Gold Trust stock opened at $54.97 on Wednesday. iShares Gold Trust has a 12 month low of $38.31 and a 12 month high of $55.70. The firm has a market capitalization of $37.31 billion, a P/E ratio of -33.32 and a beta of 0.20. The business has a fifty day simple moving average of $51.96 and a two-hundred day simple moving average of $50.33.

iShares Gold Trust Company 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.