West Family Investments Inc. Sells 33,615 Shares of iShares Gold Trust $IAU

West Family Investments Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 7.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422,171 shares of the exchange traded fund’s stock after selling 33,615 shares during the period. iShares Gold Trust comprises approximately 8.1% of West Family Investments Inc.’s holdings, making the stock its largest holding. West Family Investments Inc.’s holdings in iShares Gold Trust were worth $34,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. MA Private Wealth lifted its position in iShares Gold Trust by 10.3% in the third quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after purchasing an additional 14,705 shares during the period. WESCAP Management Group Inc. increased its holdings in iShares Gold Trust by 7.0% in the 3rd quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock valued at $32,726,000 after buying an additional 29,553 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $1,725,000. Allianz SE raised its stake in shares of iShares Gold Trust by 2.8% in the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after buying an additional 32,341 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of iShares Gold Trust by 20.3% during the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock worth $15,081,000 after acquiring an additional 35,018 shares during the period. Institutional investors own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $81.22 on Monday. The firm’s 50-day simple moving average is $87.03 and its 200-day simple moving average is $87.59. iShares Gold Trust has a twelve month low of $61.37 and a twelve month high of $104.40. The firm has a market cap of $69.15 billion, a P/E ratio of 5.53 and a beta of 0.15.

iShares Gold Trust Company Profile

(Free Report)

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).

Further Reading

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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