Flputnam Investment Management Co. Lowers Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Flputnam Investment Management Co. lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,236 shares of the exchange traded fund’s stock after selling 195 shares during the period. Flputnam Investment Management Co.’s holdings in iShares Gold Trust were worth $2,735,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the 4th quarter valued at $27,000. Archer Investment Corp boosted its holdings in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after acquiring an additional 529 shares in the last quarter. Financial Life Planners acquired a new position in shares of iShares Gold Trust during the fourth quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Gold Trust during the fourth quarter worth about $40,000. Finally, Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.6 %

Shares of IAU opened at $53.87 on Friday. The firm has a market capitalization of $36.56 billion, a PE ratio of -33.32 and a beta of 0.20. The stock’s 50 day moving average is $52.27 and its two-hundred day moving average is $50.47. iShares Gold Trust has a twelve month low of $38.65 and a twelve month high of $55.70.

iShares Gold Trust Company 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.