Kestra Private Wealth Services LLC Decreases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Kestra Private Wealth Services LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 143,180 shares of the exchange traded fund’s stock after selling 4,637 shares during the period. Kestra Private Wealth Services LLC’s holdings in iShares Gold Trust were worth $5,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in iShares Gold Trust by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock valued at $841,983,000 after purchasing an additional 121,364 shares during the period. Charles Schwab Investment Advisory Inc. lifted its holdings in iShares Gold Trust by 1.0% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 20,597,212 shares of the exchange traded fund’s stock worth $720,696,000 after buying an additional 199,531 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in iShares Gold Trust by 2.6% during the 3rd quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock worth $502,364,000 after buying an additional 366,559 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after buying an additional 3,815,686 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in iShares Gold Trust by 13.6% during the 3rd quarter. HighTower Advisors LLC now owns 4,792,681 shares of the exchange traded fund’s stock worth $167,556,000 after buying an additional 573,424 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.6 %

NYSEARCA IAU traded down $0.72 during trading on Tuesday, reaching $43.44. 5,260,100 shares of the company’s stock were exchanged, compared to its average volume of 6,852,722. The company has a 50 day moving average price of $41.91 and a two-hundred day moving average price of $39.41. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98.

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.