Ieq Capital LLC Sells 2,461 Shares of iShares Gold Trust (NYSEARCA:IAU)

Ieq Capital LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.7% during the fourth quarter, HoldingsChannel reports. The fund owned 87,914 shares of the exchange traded fund’s stock after selling 2,461 shares during the quarter. Ieq Capital LLC’s holdings in iShares Gold Trust were worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Quadrature Capital Ltd purchased a new position in shares of iShares Gold Trust during the 3rd quarter valued at $95,801,000. Truist Financial Corp grew its position in shares of iShares Gold Trust by 56.8% during the 4th 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 9.6% during the 3rd 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 in the last quarter. Park Avenue Securities LLC grew its position in shares of iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after purchasing an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in shares of iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after purchasing an additional 666,330 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU opened at $55.39 on Friday. The company has a fifty day moving average price of $51.64 and a 200-day moving average price of $50.06. iShares Gold Trust has a one year low of $38.21 and a one year high of $55.60.

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.