Perkins Coie Trust Co trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 71.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,014 shares of the exchange traded fund’s stock after selling 25,096 shares during the period. Perkins Coie Trust Co’s holdings in iShares Gold Trust were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of IAU. Concurrent Investment Advisors LLC raised its stake in iShares Gold Trust by 381.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock valued at $205,744,000 after purchasing an additional 2,008,288 shares in the last quarter. Citigroup Inc. grew its stake in shares of iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock worth $584,531,000 after buying an additional 1,893,594 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Gold Trust by 18.3% in 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 buying an additional 1,019,135 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of iShares Gold Trust by 503.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after acquiring an additional 776,215 shares during the last quarter. Finally, VCU Investment Management Co bought a new position in shares of iShares Gold Trust in the 4th quarter valued at about $61,835,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Trading Up 1.0%
IAU opened at $82.51 on Tuesday. The stock has a 50-day moving average of $78.06 and a 200 day moving average of $86.24. iShares Gold Trust has a 12 month low of $62.48 and a 12 month high of $104.40. The firm has a market cap of $68.15 billion, a P/E ratio of 5.53 and a beta of 0.18.
About iShares Gold Trust
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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