iShares Gold Trust $IAU Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,174,520 shares of the exchange traded fund’s stock after selling 61,503 shares during the period. Franklin Resources Inc.’s holdings in iShares Gold Trust were worth $95,336,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Erste Asset Management GmbH grew its stake in shares of iShares Gold Trust by 35.7% in the 4th quarter. Erste Asset Management GmbH now owns 2,585,650 shares of the exchange traded fund’s stock worth $209,877,000 after purchasing an additional 680,000 shares during the last quarter. Landing Point Financial Group LLC grew its stake in shares of iShares Gold Trust by 8.2% in the 4th quarter. Landing Point Financial Group LLC now owns 13,909 shares of the exchange traded fund’s stock worth $1,129,000 after purchasing an additional 1,050 shares during the last quarter. Endeavor Private Wealth Inc. grew its stake in shares of iShares Gold Trust by 34.4% in the 4th quarter. Endeavor Private Wealth Inc. now owns 39,839 shares of the exchange traded fund’s stock worth $3,234,000 after purchasing an additional 10,194 shares during the last quarter. Arrowroot Family Office LLC grew its stake in shares of iShares Gold Trust by 4.2% in the 4th quarter. Arrowroot Family Office LLC now owns 10,954 shares of the exchange traded fund’s stock worth $889,000 after purchasing an additional 439 shares during the last quarter. Finally, Ackerman Capital Advisors LLC grew its stake in shares of iShares Gold Trust by 2.6% in the 4th quarter. Ackerman Capital Advisors LLC now owns 105,787 shares of the exchange traded fund’s stock worth $8,587,000 after purchasing an additional 2,653 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

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iShares Gold Trust Price Performance

Shares of IAU opened at $76.79 on Thursday. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The company has a 50-day moving average of $86.75 and a two-hundred day moving average of $87.65. The stock has a market cap of $65.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

iShares Gold Trust Company 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).

See Also

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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