Parallel Advisors LLC Sells 3,449 Shares of iShares Gold Trust (NYSEARCA:IAU)

Parallel Advisors LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,332 shares of the exchange traded fund’s stock after selling 3,449 shares during the period. Parallel Advisors LLC’s holdings in iShares Gold Trust were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in IAU. Proficio Capital Partners LLC lifted 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 valued at $3,244,648,000 after buying an additional 63,382,112 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of iShares Gold Trust in the third quarter valued at $95,801,000. Truist Financial Corp raised its holdings in shares of iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after purchasing an additional 1,507,442 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares Gold Trust by 4,039.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock valued at $55,375,000 after purchasing an additional 1,091,440 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 981,362 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $56.62 on Tuesday. The firm has a 50-day moving average of $53.54 and a 200-day moving average of $51.12. The company has a market cap of $40.56 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a one year low of $40.64 and a one year high of $57.11.

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.