iShares Gold Trust $IAU Shares Sold by Buttonwood Financial Group LLC

Buttonwood Financial Group LLC lowered its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 24.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,759 shares of the exchange traded fund’s stock after selling 34,798 shares during the period. iShares Gold Trust comprises about 4.7% of Buttonwood Financial Group LLC’s portfolio, making the stock its 6th largest holding. Buttonwood Financial Group LLC’s holdings in iShares Gold Trust were worth $8,893,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Butensky & Cohen Financial Security Inc. acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $1,132,000. BostonPremier Wealth LLC boosted its position in iShares Gold Trust by 59.8% during the fourth quarter. BostonPremier Wealth LLC now owns 6,470 shares of the exchange traded fund’s stock valued at $525,000 after purchasing an additional 2,421 shares during the last quarter. Mayflower Financial Advisors LLC boosted its position in iShares Gold Trust by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 23,099 shares of the exchange traded fund’s stock valued at $1,875,000 after purchasing an additional 742 shares during the last quarter. Well Done LLC grew its stake in iShares Gold Trust by 4.9% in the fourth quarter. Well Done LLC now owns 165,718 shares of the exchange traded fund’s stock valued at $13,451,000 after purchasing an additional 7,727 shares in the last quarter. Finally, Compton Wealth Advisory Group LLC grew its stake in iShares Gold Trust by 6.0% in the fourth quarter. Compton Wealth Advisory Group LLC now owns 5,102 shares of the exchange traded fund’s stock valued at $414,000 after purchasing an additional 288 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust News Roundup

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Stock Down 3.7%

NYSEARCA:IAU opened at $82.09 on Friday. iShares Gold Trust has a twelve month low of $55.78 and a twelve month high of $104.40. The firm has a market capitalization of $69.31 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The stock’s 50 day moving average price is $93.38 and its two-hundred day moving average price is $83.02.

iShares Gold Trust Company 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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