iShares Gold Trust $IAU Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 91.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,054 shares of the exchange traded fund’s stock after selling 52,944 shares during the quarter. Procyon Advisors LLC’s holdings in iShares Gold Trust were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IAU. CIBC Bancorp USA Inc. purchased a new stake in iShares Gold Trust during the 3rd quarter valued at about $193,639,000. Concurrent Investment Advisors LLC lifted its stake in iShares Gold Trust by 381.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of iShares Gold Trust by 35.7% during the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after purchasing an additional 1,893,594 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Gold Trust by 18.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock worth $535,396,000 after purchasing an additional 1,019,135 shares during the last quarter. Finally, Orion Porfolio Solutions LLC grew its position in shares of iShares Gold Trust by 503.7% in the second quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after purchasing an additional 776,215 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $76.27 on Wednesday. iShares Gold Trust has a one year low of $61.60 and a one year high of $104.40. The stock has a market cap of $62.99 billion, a PE ratio of 5.53 and a beta of 0.18. The stock has a 50 day moving average price of $81.47 and a 200 day moving average price of $87.22.

Key iShares Gold Trust News

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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).

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

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