Jacobi Capital Management LLC Sells 375 Shares of iShares Gold Trust (NYSEARCA:IAU)

Jacobi Capital Management LLC cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,197 shares of the exchange traded fund’s stock after selling 375 shares during the quarter. Jacobi Capital Management LLC’s holdings in iShares Gold Trust were worth $1,049,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Strategic Financial Concepts LLC bought a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $442,000. Sanchez Wealth Management Group bought a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $228,000. JPMorgan Chase & Co. increased its stake in iShares Gold Trust by 9.6% in 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 acquiring an additional 981,362 shares during 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. Finally, Silverleafe Capital Partners LLC increased its stake in iShares Gold Trust by 0.4% in 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 acquiring an additional 689 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $53.87 on Friday. The company’s 50 day simple moving average is $52.27 and its 200 day simple moving average is $50.47. The stock has a market capitalization of $36.56 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a 1 year low of $38.65 and a 1 year high of $55.70.

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.