Avalon Capital Management Has $1.51 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Avalon Capital Management lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.7% in the fourth quarter, HoldingsChannel reports. The fund owned 30,392 shares of the exchange traded fund’s stock after selling 4,407 shares during the period. Avalon Capital Management’s holdings in iShares Gold Trust were worth $1,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in iShares Gold Trust by 0.3% during 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 purchasing an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC raised its holdings in shares of iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in 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 worth $205,976,000 after buying an additional 1,507,442 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.5 %

IAU opened at $55.68 on Tuesday. The firm has a 50-day moving average price of $51.86 and a 200-day moving average price of $50.27. iShares Gold Trust has a twelve month low of $38.31 and a twelve month 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.