Independent Wealth Network Inc. Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

Independent Wealth Network Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 20.4% in the 4th quarter, HoldingsChannel reports. The fund owned 12,388 shares of the exchange traded fund’s stock after selling 3,176 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares Gold Trust were worth $613,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after acquiring an additional 981,362 shares during the period. Independent Family Office LLC lifted its holdings in iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after buying an additional 16,827 shares during the period. Silverleafe Capital Partners LLC lifted its holdings in iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after buying an additional 689 shares during the period. Merit Financial Group LLC lifted its holdings in iShares Gold Trust by 177.6% in the 4th quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock worth $2,552,000 after buying an additional 32,975 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in iShares Gold Trust by 4,843.7% in the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after buying an additional 229,303 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.5 %

NYSEARCA IAU opened at $52.03 on Thursday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The stock has a 50 day simple moving average of $49.95 and a two-hundred day simple moving average of $48.86.

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.