iShares Gold Trust (NYSEARCA:IAU) Stake Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,016,553 shares of the exchange traded fund’s stock after selling 101,286 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.45% of iShares Gold Trust worth $117,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares during the period. First Command Advisory Services Inc. bought a new position in shares of iShares Gold Trust in the third quarter valued at $50,473,000. Axxcess Wealth Management LLC increased its holdings in shares of iShares Gold Trust by 585.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock valued at $38,760,000 after buying an additional 946,138 shares in the last quarter. TIAA Trust National Association bought a new position in shares of iShares Gold Trust in the third quarter valued at $29,403,000. Finally, Chevy Chase Trust Holdings LLC increased its holdings in shares of iShares Gold Trust by 57.8% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 1,695,861 shares of the exchange traded fund’s stock valued at $66,189,000 after buying an additional 621,382 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU traded down $0.17 during trading on Thursday, hitting $43.52. The company had a trading volume of 5,436,728 shares, compared to its average volume of 6,940,521. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $45.98. The business’s 50-day moving average is $42.11 and its 200 day moving average is $39.49.

iShares Gold Trust Company 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.