Evoke Wealth LLC Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Evoke Wealth LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,704 shares of the exchange traded fund’s stock after selling 16,517 shares during the quarter. Evoke Wealth LLC’s holdings in iShares Gold Trust were worth $10,283,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IAU. Proficio Capital Partners LLC boosted its stake in shares of iShares Gold Trust by 2,943.8% in the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after acquiring an additional 63,382,112 shares during the last quarter. Quadrature Capital Ltd purchased a new position in iShares Gold Trust in the 3rd quarter valued at $95,801,000. Truist Financial Corp boosted its stake in iShares Gold Trust by 56.8% during the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after purchasing an additional 1,507,442 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares Gold Trust by 4,039.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock worth $55,375,000 after buying an additional 1,091,440 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of 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 during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.6 %

NYSEARCA:IAU opened at $56.62 on Tuesday. iShares Gold Trust has a twelve month low of $40.64 and a twelve month high of $57.11. The company has a market cap of $40.56 billion, a P/E ratio of -34.13 and a beta of 0.20. The company’s 50-day moving average price is $53.54 and its 200-day moving average price is $51.12.

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.