iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Brave Asset Management Inc.

Brave Asset Management Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 70.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,843 shares of the exchange traded fund’s stock after selling 370,693 shares during the quarter. iShares Gold Trust accounts for approximately 2.4% of Brave Asset Management Inc.’s holdings, making the stock its 12th largest position. Brave Asset Management Inc.’s holdings in iShares Gold Trust were worth $7,716,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. FMR LLC raised its stake in iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after acquiring an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC raised its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. boosted its position in iShares Gold Trust by 4.2% during the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after purchasing an additional 233,999 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.8 %

IAU stock opened at $50.91 on Thursday. iShares Gold Trust has a 1 year low of $37.53 and a 1 year high of $52.69. The stock’s fifty day moving average is $49.85 and its two-hundred day moving average is $48.62.

iShares Gold Trust Company 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.