Arrowroot Family Office LLC Sells 387 Shares of iShares Gold Trust (NYSEARCA:IAU)

Arrowroot Family Office LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 11,606 shares of the exchange traded fund’s stock after selling 387 shares during the period. Arrowroot Family Office LLC’s holdings in iShares Gold Trust were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in IAU. Proficio Capital Partners LLC raised its stake 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 purchasing an additional 63,382,112 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares Gold Trust by 200.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after purchasing an additional 7,194,721 shares during the last quarter. LPL Financial LLC raised its holdings in iShares Gold Trust by 35.4% in the 4th quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Truist Financial Corp boosted its position in shares of iShares Gold Trust by 56.8% during 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 last quarter. Finally, Wells Fargo & Company MN lifted its position in iShares Gold Trust by 10.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock valued at $608,420,000 after purchasing an additional 1,183,962 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $60.97 on Friday. iShares Gold Trust has a 1-year low of $43.05 and a 1-year high of $64.98. The stock has a market capitalization of $44.79 billion, a PE ratio of -37.96 and a beta of 0.17. The company’s fifty day simple moving average is $58.43 and its 200-day simple moving average is $53.74.

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.