Cascade Financial Partners LLC Sells 1,150 Shares of iShares Gold Trust (NYSEARCA:IAU)

Cascade Financial Partners LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,942 shares of the exchange traded fund’s stock after selling 1,150 shares during the period. Cascade Financial Partners LLC’s holdings in iShares Gold Trust were worth $839,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in IAU. Proficio Capital Partners LLC boosted its holdings in iShares Gold Trust by 2,943.8% in 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 acquiring an additional 63,382,112 shares during the last quarter. Quadrature Capital Ltd acquired a new position in iShares Gold Trust in the third quarter valued at about $95,801,000. Truist Financial Corp lifted its stake in 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 valued at $205,976,000 after buying an additional 1,507,442 shares during the period. JPMorgan Chase & Co. lifted its stake in 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 valued at $557,498,000 after buying an additional 981,362 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in 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 valued at $33,808,000 after buying an additional 672,568 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.2 %

NYSEARCA:IAU opened at $55.07 on Wednesday. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $55.70. The business’s 50-day moving average price is $53.04 and its two-hundred day moving average price is $50.88. The firm has a market capitalization of $37.37 billion, a price-to-earnings ratio of -33.32 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.