Main Street Financial Solutions LLC Has $1.50 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Main Street Financial Solutions LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,246 shares of the exchange traded fund’s stock after selling 2,923 shares during the quarter. Main Street Financial Solutions LLC’s holdings in iShares Gold Trust were worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Twin Focus Capital Partners LLC boosted its position in iShares Gold Trust by 14.1% during the fourth quarter. Twin Focus Capital Partners LLC now owns 898,038 shares of the exchange traded fund’s stock worth $44,462,000 after purchasing an additional 110,733 shares during the period. Regal Investment Advisors LLC lifted its position in iShares Gold Trust by 83.6% during the fourth quarter. Regal Investment Advisors LLC now owns 35,921 shares of the exchange traded fund’s stock worth $1,778,000 after acquiring an additional 16,354 shares during the last quarter. United Capital Financial Advisors LLC boosted its holdings in shares of iShares Gold Trust by 1,440.0% during the fourth quarter. United Capital Financial Advisors LLC now owns 220,128 shares of the exchange traded fund’s stock worth $10,899,000 after acquiring an additional 205,834 shares during the period. M Holdings Securities Inc. increased its stake in shares of iShares Gold Trust by 234.9% during the fourth quarter. M Holdings Securities Inc. now owns 37,346 shares of the exchange traded fund’s stock worth $1,849,000 after purchasing an additional 26,196 shares during the period. Finally, Dagco Inc. acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $244,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $60.94 on Wednesday. iShares Gold Trust has a one year low of $43.05 and a one year high of $62.54. The firm has a market cap of $44.03 billion, a price-to-earnings ratio of -35.73 and a beta of 0.17. The stock’s fifty day moving average price is $56.45 and its two-hundred day moving average price is $52.62.

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.