iShares Gold Trust $IAU Shares Sold by Stratos Wealth Partners LTD.

by · The Cerbat Gem

Stratos Wealth Partners LTD. cut its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,987 shares of the exchange traded fund’s stock after selling 17,954 shares during the period. Stratos Wealth Partners LTD.’s holdings in iShares Gold Trust were worth $31,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of iShares Gold Trust by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 30,799,504 shares of the exchange traded fund’s stock valued at $2,241,280,000 after purchasing an additional 456,140 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after buying an additional 6,623,876 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares Gold Trust by 20.6% in the third quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after buying an additional 2,245,617 shares during the last quarter. UBS Group AG grew its position in shares of iShares Gold Trust by 6.5% during the third quarter. UBS Group AG now owns 9,148,055 shares of the exchange traded fund’s stock worth $665,704,000 after acquiring an additional 561,489 shares during the last quarter. Finally, WealthNavi Inc. increased its holdings in shares of iShares Gold Trust by 8.5% in the 3rd quarter. WealthNavi Inc. now owns 7,130,543 shares of the exchange traded fund’s stock valued at $518,890,000 after acquiring an additional 559,413 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

NYSEARCA IAU opened at $87.94 on Friday. The business has a 50 day moving average price of $93.06 and a 200 day moving average price of $83.79. The company has a market capitalization of $74.87 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1-year low of $55.78 and a 1-year high of $104.40.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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