Royal Bank of Canada Sells 373,729 Shares of iShares Gold Trust (NYSEARCA:IAU)

Royal Bank of Canada lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,214,391 shares of the exchange traded fund’s stock after selling 373,729 shares during the period. Royal Bank of Canada owned 0.48% of iShares Gold Trust worth $159,145,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its position in iShares Gold Trust by 12.8% during the fourth quarter. Quantinno Capital Management LP now owns 22,431 shares of the exchange traded fund’s stock worth $1,111,000 after purchasing an additional 2,543 shares during the period. Pathstone Holdings LLC lifted its stake in shares of iShares Gold Trust by 6.5% in the fourth quarter. Pathstone Holdings LLC now owns 166,980 shares of the exchange traded fund’s stock worth $8,267,000 after buying an additional 10,234 shares during the last quarter. Northeast Financial Consultants Inc bought a new stake in shares of iShares Gold Trust during the 4th quarter worth $391,000. Obermeyer Wealth Partners grew its stake in iShares Gold Trust by 68.5% in the 4th quarter. Obermeyer Wealth Partners now owns 7,133 shares of the exchange traded fund’s stock valued at $353,000 after buying an additional 2,901 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its stake in iShares Gold Trust by 34.1% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 9,831 shares of the exchange traded fund’s stock valued at $487,000 after buying an additional 2,501 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU opened at $60.20 on Monday. The company has a market capitalization of $45.10 billion, a PE ratio of -37.79 and a beta of 0.13. iShares Gold Trust has a one year low of $43.24 and a one year high of $64.98. The company’s fifty day moving average price is $59.88 and its 200 day moving average price is $54.49.

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.