Weil Company Inc. Trims Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Weil Company Inc. cut its position in iShares Gold Trust (NYSEARCA:IAU) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,203 shares of the exchange traded fund’s stock after selling 3,308 shares during the quarter. iShares Gold Trust comprises 2.2% of Weil Company Inc.’s investment portfolio, making the stock its 11th biggest position. Weil Company Inc.’s holdings in iShares Gold Trust were worth $6,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IAU. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $984,000. FFT Wealth Management LLC increased its position in shares of iShares Gold Trust by 23.1% in the fourth quarter. FFT Wealth Management LLC now owns 12,893 shares of the exchange traded fund’s stock worth $638,000 after purchasing an additional 2,422 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $513,000. Bank of New York Mellon Corp raised its stake in iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after purchasing an additional 62,195 shares in the last quarter. Finally, Northwest Capital Management Inc bought a new stake in iShares Gold Trust during the fourth quarter valued at approximately $656,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU stock opened at $54.97 on Wednesday. The firm has a 50 day simple moving average of $51.96 and a two-hundred day simple moving average of $50.33. The stock has a market cap of $37.31 billion, a PE ratio of -33.32 and a beta of 0.20. iShares Gold Trust has a one year low of $38.31 and a one year high of $55.70.

iShares Gold Trust Company 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.