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

Charles Schwab Investment Management Inc. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 67,345 shares of the exchange traded fund’s stock after selling 11,463 shares during the period. Charles Schwab Investment Management Inc.’s holdings in iShares Gold Trust were worth $3,334,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IAU. Proficio Capital Partners LLC boosted its stake in iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after purchasing an additional 63,382,112 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of iShares Gold Trust during the third quarter valued at approximately $95,801,000. Truist Financial Corp raised its holdings in iShares Gold Trust by 56.8% in the 4th quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after acquiring an additional 1,507,442 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Gold Trust by 9.6% in the 3rd 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 in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $57.68 on Friday. iShares Gold Trust has a 1 year low of $41.65 and a 1 year high of $57.71. The stock’s fifty day moving average price is $54.61 and its 200-day moving average price is $51.62. The company has a market cap of $41.32 billion, a P/E ratio of -34.13 and a beta of 0.20.

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.