James Investment Research Inc. Sells 202 Shares of iShares Gold Trust (NYSEARCA:IAU)

James Investment Research Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 359,662 shares of the exchange traded fund’s stock after selling 202 shares during the quarter. iShares Gold Trust makes up 2.7% of James Investment Research Inc.’s portfolio, making the stock its 4th biggest position. James Investment Research Inc.’s holdings in iShares Gold Trust were worth $21,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in iShares Gold Trust by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after acquiring an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. Wells Fargo & Company MN increased its holdings in iShares Gold Trust by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after buying an additional 1,183,962 shares during the last quarter. LPL Financial LLC raised its position in iShares Gold Trust by 35.4% during the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock valued at $427,293,000 after acquiring an additional 2,257,590 shares in the last quarter. Finally, WealthNavi Inc. lifted its stake in iShares Gold Trust by 2.1% in the first quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock valued at $356,684,000 after acquiring an additional 125,599 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.4%

Shares of IAU opened at $62.78 on Wednesday. iShares Gold Trust has a 12 month low of $44.46 and a 12 month high of $65.00. The company’s fifty day moving average is $62.70 and its 200-day moving average is $58.24. The firm has a market cap of $47.43 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.