iShares Gold Trust (NYSEARCA:IAU) Shares Sold by SGL Investment Advisors Inc.

SGL Investment Advisors Inc. cut its position in iShares Gold Trust (NYSEARCA:IAU) by 3.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,340 shares of the exchange traded fund’s stock after selling 418 shares during the quarter. SGL Investment Advisors Inc.’s holdings in iShares Gold Trust were worth $676,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC grew its position in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock worth $426,000 after acquiring an additional 195 shares in the last quarter. TPG Advisors LLC lifted its stake in shares of iShares Gold Trust by 0.7% in the 4th quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the last quarter. Betterment LLC lifted its stake in shares of iShares Gold Trust by 1.8% in the 4th quarter. Betterment LLC now owns 11,021 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in iShares Gold Trust by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock worth $2,654,000 after purchasing an additional 200 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. raised its holdings in iShares Gold Trust by 1.2% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after buying an additional 212 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $60.93 on Friday. The stock has a market capitalization of $45.64 billion, a P/E ratio of -37.79 and a beta of 0.13. The business has a 50-day moving average of $59.77 and a two-hundred day moving average of $54.40. iShares Gold Trust has a fifty-two week low of $43.24 and a fifty-two week high of $64.98.

iShares Gold Trust Company 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.