iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Tanglewood Wealth Management Inc.

Tanglewood Wealth Management Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272,287 shares of the exchange traded fund’s stock after selling 9,987 shares during the quarter. iShares Gold Trust accounts for 8.4% of Tanglewood Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position. Tanglewood Wealth Management Inc.’s holdings in iShares Gold Trust were worth $75,014,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Tucker Asset Management LLC grew its holdings in shares of iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth approximately $28,000. Wintrust Investments LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth about $29,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth about $31,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $62.47 on Friday. The stock’s 50-day simple moving average is $61.52 and its 200-day simple moving average is $55.77. The firm has a market capitalization of $45.98 billion, a PE ratio of -38.57 and a beta of 0.12. iShares Gold Trust has a fifty-two week low of $43.35 and a fifty-two week high of $64.98.

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.