RWA Wealth Partners LLC reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 82.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,255 shares of the exchange traded fund’s stock after selling 37,598 shares during the period. RWA Wealth Partners LLC’s holdings in iShares Gold Trust were worth $409,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Tucker Asset Management LLC boosted its position in iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 263 shares during the last quarter. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the fourth quarter worth $27,000. Wintrust Investments LLC purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $29,000. Financial Life Planners acquired a new position in iShares Gold Trust in the fourth quarter valued at $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the fourth quarter worth about $40,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
IAU opened at $58.86 on Wednesday. iShares Gold Trust has a 12 month low of $42.57 and a 12 month high of $59.15. The business has a 50-day moving average of $55.05 and a two-hundred day moving average of $51.90. The stock has a market capitalization of $42.53 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17.
About iShares Gold Trust
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.
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