Perkins Coie Trust Co Sells 25,096 Shares of iShares Gold Trust $IAU

Perkins Coie Trust Co lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 71.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 10,014 shares of the exchange traded fund’s stock after selling 25,096 shares during the period. Perkins Coie Trust Co’s holdings in iShares Gold Trust were worth $756,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IAU. Merkkuri Wealth Advisors LLC bought a new position in iShares Gold Trust during the 1st quarter valued at about $26,000. Fairway Wealth LLC boosted its position in shares of iShares Gold Trust by 525.0% during the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 252 shares during the period. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $25,000. Rossby Financial LCC grew its stake in shares of iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Finally, Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust in the fourth quarter worth approximately $26,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $82.51 on Tuesday. The stock has a 50 day moving average price of $78.06 and a 200 day moving average price of $86.24. iShares Gold Trust has a 52-week low of $62.48 and a 52-week high of $104.40. The firm has a market capitalization of $68.15 billion, a P/E ratio of 5.53 and a beta of 0.18.

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).