Upper Left Wealth Management LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 223,151 shares of the exchange traded fund’s stock after selling 6,910 shares during the quarter. iShares Gold Trust makes up approximately 9.4% of Upper Left Wealth Management LLC’s investment portfolio, making the stock its largest position. Upper Left Wealth Management LLC’s holdings in iShares Gold Trust were worth $13,157,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Tucker Asset Management LLC lifted its holdings in iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the last quarter. Compass Financial Services Inc acquired a new stake in iShares Gold Trust during the 4th quarter valued at $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in iShares Gold Trust during the 4th quarter valued at $28,000. Wintrust Investments LLC acquired a new stake in iShares Gold Trust during the 4th quarter valued at $29,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in iShares Gold Trust during the 4th quarter valued at $31,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of iShares Gold Trust stock opened at $62.47 on Friday. The business has a fifty day simple moving average of $61.52 and a two-hundred day simple moving average of $55.77. iShares Gold Trust has a 1 year low of $43.35 and a 1 year high of $64.98. The company has a market capitalization of $45.98 billion, a price-to-earnings ratio of -38.57 and a beta of 0.12.
iShares Gold Trust 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.
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