Pekin Hardy Strauss Inc. Sells 3,150 Shares of iShares Gold Trust (NYSEARCA:IAU)

Pekin Hardy Strauss Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,993 shares of the exchange traded fund’s stock after selling 3,150 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in iShares Gold Trust were worth $4,703,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in IAU. Quadrature Capital Ltd bought a new stake in shares of iShares Gold Trust during the third quarter valued at approximately $95,801,000. Truist Financial Corp boosted its position in shares of iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock valued at $205,976,000 after purchasing an additional 1,507,442 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its position in shares of iShares Gold Trust by 6,538.7% during the fourth quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock valued at $33,808,000 after purchasing an additional 672,568 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of iShares Gold Trust by 10,279.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after purchasing an additional 666,330 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $55.39 on Friday. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.60. The stock’s 50 day moving average is $51.75 and its 200 day moving average is $50.16.

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.