Flagstar Advisors Inc. Sells 6,697 Shares of iShares Gold Trust $IAU

Flagstar Advisors Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,563 shares of the exchange traded fund’s stock after selling 6,697 shares during the period. Flagstar Advisors Inc.’s holdings in iShares Gold Trust were worth $695,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares Gold Trust by 47.7% during the third quarter. Envestnet Asset Management Inc. now owns 20,520,705 shares of the exchange traded fund’s stock worth $1,493,292,000 after purchasing an additional 6,623,876 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in iShares Gold Trust during the 3rd quarter worth approximately $193,639,000. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 20.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,165,231 shares of the exchange traded fund’s stock valued at $958,034,000 after purchasing an additional 2,245,617 shares during the period. Packer & Co Ltd bought a new stake in iShares Gold Trust in the 3rd quarter valued at $156,463,000. Finally, Mizuho Bank Ltd. acquired a new position in iShares Gold Trust in the 3rd quarter valued at $120,798,000. Institutional investors own 59.67% of the company’s stock.

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iShares Gold Trust Price Performance

IAU stock opened at $82.09 on Friday. The stock has a market capitalization of $69.31 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The business’s fifty day moving average price is $93.38 and its two-hundred day moving average price is $83.02. iShares Gold Trust has a fifty-two week low of $55.78 and a fifty-two week high of $104.40.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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