Permanens Capital L.P. Sells 112,194 Shares of iShares Gold Trust $IAU

Permanens Capital L.P. lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 873,742 shares of the exchange traded fund’s stock after selling 112,194 shares during the quarter. iShares Gold Trust makes up 9.4% of Permanens Capital L.P.’s holdings, making the stock its 3rd biggest position. Permanens Capital L.P. owned about 0.12% of iShares Gold Trust worth $51,516,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Brighton Jones LLC acquired a new stake in iShares Gold Trust during the fourth quarter valued at $1,864,000. Bison Wealth LLC lifted its holdings in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after purchasing an additional 7,379 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $230,000. Benjamin Edwards Inc. lifted its holdings in iShares Gold Trust by 26.8% during the fourth quarter. Benjamin Edwards Inc. now owns 15,126 shares of the exchange traded fund’s stock valued at $749,000 after purchasing an additional 3,196 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $224,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.3%

IAU opened at $67.76 on Friday. The company has a market cap of $51.91 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52-week low of $46.94 and a 52-week high of $67.85. The firm’s fifty day simple moving average is $63.56 and its two-hundred day simple moving average is $61.28.

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.