Worth Asset Management LLC Has $244,000 Holdings in iShares Gold Trust $IAU

Worth Asset Management LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 86.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,351 shares of the exchange traded fund’s stock after selling 20,951 shares during the quarter. Worth Asset Management LLC’s holdings in iShares Gold Trust were worth $244,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Citigroup Inc. raised its stake in iShares Gold Trust by 809.1% during the second quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after acquiring an additional 4,398,605 shares during the period. Prudential Financial Inc. raised its position in shares of iShares Gold Trust by 2,152.7% in the 2nd quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock worth $217,892,000 after acquiring an additional 3,339,000 shares in the last quarter. PFG Advisors lifted its stake in shares of iShares Gold Trust by 4,797.3% in the 2nd quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock valued at $89,323,000 after purchasing an additional 1,403,121 shares during the period. Finally, Mainstay Capital Management LLC ADV boosted its position in shares of iShares Gold Trust by 12,087.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after purchasing an additional 1,318,237 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $85.34 on Monday. iShares Gold Trust has a fifty-two week low of $49.00 and a fifty-two week high of $85.69. The stock has a 50 day simple moving average of $78.66 and a two-hundred day simple moving average of $70.77. The company has a market cap of $70.33 billion, a P/E ratio of 5.53 and a beta of 0.09.

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).