iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Red Door Wealth Management LLC

Red Door Wealth Management LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,698 shares of the exchange traded fund’s stock after selling 814 shares during the period. Red Door Wealth Management LLC’s holdings in iShares Gold Trust were worth $1,038,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in shares of iShares Gold Trust by 226.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after acquiring an additional 4,200,989 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after acquiring an additional 3,815,686 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of iShares Gold Trust by 585.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock worth $38,760,000 after acquiring an additional 946,138 shares during the last quarter. Chevy Chase Trust Holdings LLC increased its stake in shares of iShares Gold Trust by 57.8% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 1,695,861 shares of the exchange traded fund’s stock worth $66,189,000 after acquiring an additional 621,382 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of iShares Gold Trust in the third quarter worth $20,698,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.1 %

Shares of NYSEARCA IAU traded down $0.03 during mid-day trading on Friday, reaching $43.93. The company had a trading volume of 2,696,042 shares, compared to its average volume of 4,214,622. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $46.08. The stock’s 50 day moving average is $44.18 and its 200-day moving average is $41.43.

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.