Marks Group Wealth Management Inc Sells 209 Shares of iShares Gold Trust (NYSEARCA:IAU)

Marks Group Wealth Management Inc reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,320 shares of the exchange traded fund’s stock after selling 209 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Gold Trust were worth $1,699,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IAU. FMR LLC boosted its holdings in iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of iShares Gold Trust by 0.8% during the 3rd 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 in the last quarter. Empower Advisory Group LLC boosted its stake 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 valued at $741,610,000 after purchasing an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of iShares Gold Trust by 9.6% during 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 period. Finally, WealthNavi Inc. raised its stake in iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after buying an additional 233,999 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $54.69 on Wednesday. iShares Gold Trust has a one year low of $37.53 and a one year high of $54.94. The company has a 50-day simple moving average of $50.88 and a two-hundred day simple moving average of $49.60.

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.