Cyndeo Wealth Partners LLC Has $14.42 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Cyndeo Wealth Partners LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.8% in the fourth quarter, Holdings Channel reports. The firm owned 291,209 shares of the exchange traded fund’s stock after selling 21,133 shares during the quarter. iShares Gold Trust accounts for approximately 1.0% of Cyndeo Wealth Partners LLC’s holdings, making the stock its 23rd biggest holding. Cyndeo Wealth Partners LLC’s holdings in iShares Gold Trust were worth $14,418,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Independent Family Office LLC lifted its holdings in iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after acquiring an additional 16,827 shares in the last quarter. Silverleafe Capital Partners LLC grew its stake in iShares Gold Trust by 0.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after acquiring an additional 689 shares during the period. Merit Financial Group LLC increased its holdings in shares of iShares Gold Trust by 177.6% in the fourth quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock worth $2,552,000 after acquiring an additional 32,975 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of iShares Gold Trust by 4,843.7% during the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6 %

NYSEARCA:IAU opened at $52.31 on Friday. The business’s 50-day simple moving average is $50.09 and its 200-day simple moving average is $48.90. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69.

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.