United Asset Strategies Inc. Sells 5,693 Shares of iShares Gold Trust $IAU

United Asset Strategies Inc. lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 40.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,497 shares of the exchange traded fund’s stock after selling 5,693 shares during the quarter. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $690,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Financial Perspectives Inc lifted its holdings in shares of iShares Gold Trust by 8.6% in the 4th quarter. Financial Perspectives Inc now owns 2,991 shares of the exchange traded fund’s stock worth $243,000 after acquiring an additional 238 shares during the last quarter. Proathlete Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 25.1% in the 4th quarter. Proathlete Wealth Management LLC now owns 2,773 shares of the exchange traded fund’s stock worth $225,000 after acquiring an additional 556 shares during the last quarter. Caliber Wealth Management LLC KS lifted its holdings in shares of iShares Gold Trust by 36.5% in the 4th quarter. Caliber Wealth Management LLC KS now owns 3,851 shares of the exchange traded fund’s stock worth $313,000 after acquiring an additional 1,030 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust by 0.6% in the 4th quarter. Bigelow Investment Advisors LLC now owns 143,370 shares of the exchange traded fund’s stock worth $11,637,000 after acquiring an additional 896 shares during the last quarter. Finally, Crown Wealth Group LLC bought a new stake in shares of iShares Gold Trust in the 4th quarter worth about $2,531,000. Institutional investors own 59.67% of the company’s stock.

More iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Trading Down 1.0%

iShares Gold Trust stock opened at $88.34 on Friday. The firm has a 50-day moving average price of $91.67 and a 200-day moving average price of $85.59. The firm has a market capitalization of $75.21 billion, a PE ratio of 5.53 and a beta of 0.20. iShares Gold Trust has a 12-month low of $59.71 and a 12-month 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).

Recommended Stories

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

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

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.