Welch & Forbes LLC Has $5.21 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Welch & Forbes LLC lowered its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,302 shares of the exchange traded fund’s stock after selling 606 shares during the quarter. Welch & Forbes LLC’s holdings in iShares Gold Trust were worth $5,206,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IAU. Brighton Jones LLC acquired a new stake in iShares Gold Trust in the fourth quarter worth $1,864,000. Natixis Advisors LLC increased its position in iShares Gold Trust by 2.8% in the 4th quarter. Natixis Advisors LLC now owns 19,620 shares of the exchange traded fund’s stock valued at $971,000 after buying an additional 543 shares in the last quarter. PDS Planning Inc raised its stake in iShares Gold Trust by 2.3% during the 4th quarter. PDS Planning Inc now owns 12,466 shares of the exchange traded fund’s stock worth $617,000 after buying an additional 275 shares during the period. Thrivent Financial for Lutherans boosted its holdings in iShares Gold Trust by 97.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 216,813 shares of the exchange traded fund’s stock worth $10,768,000 after acquiring an additional 106,797 shares in the last quarter. Finally, Compass Ion Advisors LLC grew its stake in iShares Gold Trust by 10.1% in the fourth quarter. Compass Ion Advisors LLC now owns 8,276 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 761 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.5%

Shares of NYSEARCA:IAU opened at $63.11 on Thursday. iShares Gold Trust has a twelve month low of $44.46 and a twelve month high of $65.00. The stock’s 50 day moving average is $62.69 and its 200-day moving average is $58.28. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.