Polaris Investment Advisors LLC Sells 11,486 Shares of iShares Gold Trust $IAU

Polaris Investment Advisors LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAUFree Report) by 38.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,528 shares of the exchange traded fund’s stock after selling 11,486 shares during the period. iShares Gold Trust makes up 1.2% of Polaris Investment Advisors LLC’s portfolio, making the stock its 21st largest holding. Polaris Investment Advisors LLC’s holdings in iShares Gold Trust were worth $1,633,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of IAU. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $25,000. Rossby Financial LCC increased its stake in shares of iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares during the period. Monetary Solutions Ltd acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $26,000. Gables Capital Management Inc. lifted its holdings in iShares Gold Trust by 173.1% during the 4th quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after purchasing an additional 225 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in iShares Gold Trust in the 4th quarter valued at $29,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $75.71 on Friday. The stock’s fifty day moving average price is $84.51 and its two-hundred day moving average price is $87.65. iShares Gold Trust has a one year low of $61.37 and a one year high of $104.40. The firm has a market cap of $64.46 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

Key iShares Gold Trust News

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

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).

Further Reading

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.