iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 91,876 shares of the exchange traded fund’s stock after selling 4,128 shares during the quarter. iShares Gold Trust accounts for 1.0% of Fiduciary Financial Group LLC’s portfolio, making the stock its 22nd largest position. Fiduciary Financial Group LLC’s holdings in iShares Gold Trust were worth $4,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. Independent Family Office LLC increased its stake 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 valued at $21,155,000 after purchasing an additional 16,827 shares in the last quarter. Silverleafe Capital Partners LLC increased its stake 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 valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. International Assets Investment Management LLC raised its holdings in 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 last quarter. Finally, Prospera Financial Services Inc boosted its position in iShares Gold Trust by 18.7% during the third quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after purchasing an additional 7,001 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $50.53 on Wednesday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The stock’s fifty day moving average is $49.85 and its two-hundred day moving average is $48.62.

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.