Grant Street Asset Management Inc. Lowers Holdings in iShares Gold Trust $IAU

Grant Street Asset Management Inc. reduced its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 90.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,421 shares of the exchange traded fund’s stock after selling 30,825 shares during the quarter. Grant Street Asset Management Inc.’s holdings in iShares Gold Trust were worth $278,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Ehrlich Financial Group raised its position in iShares Gold Trust by 15.3% in the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock worth $3,266,000 after acquiring an additional 5,943 shares in the last quarter. First Horizon Corp purchased a new stake in shares of iShares Gold Trust during the 3rd quarter worth $1,863,000. Strategic Blueprint LLC grew its stake in shares of iShares Gold Trust by 30.2% during the 3rd quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock worth $9,964,000 after purchasing an additional 31,746 shares during the period. MA Private Wealth grew its stake in shares of iShares Gold Trust by 10.3% during the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after purchasing an additional 14,705 shares during the period. Finally, Copperleaf Capital LLC increased its holdings in shares of iShares Gold Trust by 363.2% in the 3rd quarter. Copperleaf Capital LLC now owns 47,867 shares of the exchange traded fund’s stock valued at $3,483,000 after purchasing an additional 37,533 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Stock Up 1.3%

Shares of NYSEARCA IAU opened at $89.19 on Thursday. iShares Gold Trust has a 52 week low of $59.71 and a 52 week high of $104.40. The firm has a 50-day moving average price of $91.75 and a 200 day moving average price of $85.57. The stock has a market capitalization of $75.93 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20.

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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