Focus Financial Network Inc. Has $1.46 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Focus Financial Network Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 41.0% 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 29,577 shares of the exchange traded fund’s stock after selling 20,568 shares during the period. Focus Financial Network Inc.’s holdings in iShares Gold Trust were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in IAU. Sanchez Wealth Management Group bought a new position in iShares Gold Trust in the 4th quarter valued at about $228,000. JPMorgan Chase & Co. boosted 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 worth $557,498,000 after acquiring an additional 981,362 shares in the last quarter. Independent Family Office LLC increased its stake in iShares Gold Trust by 4.1% in the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after acquiring an additional 16,827 shares during the last quarter. Silverleafe Capital Partners LLC raised its position in iShares Gold Trust by 0.4% during the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in iShares Gold Trust by 177.6% during the fourth quarter. Merit Financial Group LLC now owns 51,538 shares of the exchange traded fund’s stock worth $2,552,000 after purchasing an additional 32,975 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Down 0.3 %

Shares of IAU stock opened at $54.69 on Wednesday. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $54.94. The stock’s fifty day moving average price is $50.88 and its two-hundred day moving average price is $49.60.

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.