iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Asset Dedication LLC

Asset Dedication LLC lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 48.4% in the 4th quarter, HoldingsChannel reports. The fund owned 5,503 shares of the exchange traded fund’s stock after selling 5,161 shares during the period. Asset Dedication LLC’s holdings in iShares Gold Trust were worth $272,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in iShares Gold Trust during the 2nd quarter worth about $683,000. Truist Financial Corp raised its position in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares in the last quarter. Founders Financial Alliance LLC lifted its stake in iShares Gold Trust by 16.5% during the second quarter. Founders Financial Alliance LLC now owns 5,986 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 850 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in iShares Gold Trust in the second quarter valued at approximately $26,134,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in iShares Gold Trust by 1.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 28,613 shares of the exchange traded fund’s stock valued at $1,422,000 after purchasing an additional 338 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU stock opened at $52.00 on Thursday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $52.69. The company’s 50 day moving average is $50.27 and its two-hundred day moving average is $49.10.

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.