Appleton Partners Inc. MA Reduces Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Appleton Partners Inc. MA reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,807 shares of the exchange traded fund’s stock after selling 266 shares during the period. Appleton Partners Inc. MA’s holdings in iShares Gold Trust were worth $637,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Tucker Asset Management LLC lifted its stake in shares of iShares Gold Trust by 106.9% in the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 263 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $28,000. Dunhill Financial LLC lifted its stake in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 219 shares during the period. Wintrust Investments LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $29,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU opened at $63.45 on Friday. The firm has a fifty day moving average price of $62.60 and a 200 day moving average price of $56.71. iShares Gold Trust has a 1 year low of $43.35 and a 1 year high of $65.00. The stock has a market cap of $46.70 billion, a P/E ratio of -38.57 and a beta of 0.12.

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.