Motco Trims Position in iShares Gold Trust (NYSEARCA:IAU)

Motco lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,389 shares of the exchange traded fund’s stock after selling 778 shares during the period. Motco’s holdings in iShares Gold Trust were worth $3,832,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IAU. Private Trust Co. NA boosted its holdings in shares of iShares Gold Trust by 13.7% in the 4th quarter. Private Trust Co. NA now owns 18,421 shares of the exchange traded fund’s stock valued at $912,000 after purchasing an additional 2,220 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in iShares Gold Trust by 39.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 5,219 shares of the exchange traded fund’s stock valued at $258,000 after acquiring an additional 1,467 shares during the last quarter. Verus Capital Partners LLC boosted its holdings in iShares Gold Trust by 114.5% in the fourth quarter. Verus Capital Partners LLC now owns 13,589 shares of the exchange traded fund’s stock valued at $673,000 after acquiring an additional 7,255 shares during the last quarter. Proficio Capital Partners LLC grew its position in iShares Gold Trust by 2,943.8% during the fourth quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after acquiring an additional 63,382,112 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in iShares Gold Trust by 1.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 324,755 shares of the exchange traded fund’s stock worth $16,079,000 after acquiring an additional 4,376 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 1.5 %

Shares of IAU stock opened at $54.20 on Friday. iShares Gold Trust has a fifty-two week low of $38.41 and a fifty-two week high of $55.70. The firm’s 50 day moving average price is $52.19 and its two-hundred day moving average price is $50.39. The stock has a market cap of $36.78 billion, a price-to-earnings ratio of -33.32 and a beta of 0.20.

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.