Charles Schwab Investment Management Inc. Sells 11,463 Shares of iShares Gold Trust (NYSEARCA:IAU)

Charles Schwab Investment Management Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 14.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,345 shares of the exchange traded fund’s stock after selling 11,463 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in iShares Gold Trust were worth $3,334,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC lifted its position in iShares Gold Trust by 2,943.8% in 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 purchasing an additional 63,382,112 shares during the last quarter. FMR LLC increased its position in shares of iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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 period. Truist Financial Corp raised its stake in shares of iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after acquiring an additional 1,507,442 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of iShares Gold Trust by 5.3% during the third quarter. Captrust Financial Advisors now owns 2,182,410 shares of the exchange traded fund’s stock worth $108,468,000 after purchasing an additional 110,384 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.3 %

Shares of iShares Gold Trust stock opened at $57.68 on Friday. The company has a market cap of $41.32 billion, a PE ratio of -34.13 and a beta of 0.20. The business has a 50 day moving average of $54.61 and a 200 day moving average of $51.62. iShares Gold Trust has a 52 week low of $41.65 and a 52 week high of $57.71.

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.