Resonant Capital Advisors LLC Decreases Stock Position in iShares Gold Trust $IAU

Resonant Capital Advisors LLC decreased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 27.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,360 shares of the exchange traded fund’s stock after selling 68,578 shares during the quarter. iShares Gold Trust accounts for about 0.9% of Resonant Capital Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Resonant Capital Advisors LLC’s holdings in iShares Gold Trust were worth $16,253,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of IAU. Schmidt P J Investment Management Inc. lifted its position in shares of iShares Gold Trust by 1.1% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 9,362 shares of the exchange traded fund’s stock worth $760,000 after purchasing an additional 106 shares in the last quarter. Foster Group Inc. boosted its stake in shares of iShares Gold Trust by 2.4% in the fourth quarter. Foster Group Inc. now owns 5,126 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 120 shares during the period. Haverford Trust Co grew its holdings in iShares Gold Trust by 3.4% during the 4th quarter. Haverford Trust Co now owns 3,617 shares of the exchange traded fund’s stock valued at $294,000 after purchasing an additional 120 shares in the last quarter. Evolution Wealth Management Inc. grew its holdings in iShares Gold Trust by 40.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 432 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 124 shares in the last quarter. Finally, Brooks Moore & Associates Inc. increased its stake in iShares Gold Trust by 2.1% during the 4th quarter. Brooks Moore & Associates Inc. now owns 6,076 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded down $0.42 during midday trading on Tuesday, hitting $77.88. 1,005,421 shares of the stock were exchanged, compared to its average volume of 11,505,867. iShares Gold Trust has a 1 year low of $61.60 and a 1 year high of $104.40. The firm has a market cap of $64.32 billion, a P/E ratio of 5.53 and a beta of 0.18. The company has a 50 day moving average price of $82.69 and a two-hundred day moving average price of $87.48.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Company Profile

(Free Report)

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).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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