iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000,169 shares of the exchange traded fund’s stock after selling 23,601 shares during the quarter. iShares Gold Trust accounts for about 1.6% of Tocqueville Asset Management L.P.’s holdings, making the stock its 9th biggest position. Tocqueville Asset Management L.P. owned approximately 0.30% of iShares Gold Trust worth $99,028,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Flagship Wealth Advisors LLC acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at about $55,000. Arrien Investments Inc. purchased a new position in iShares Gold Trust during the fourth quarter worth about $396,000. SouthState Corp boosted its holdings in iShares Gold Trust by 27.1% during the fourth quarter. SouthState Corp now owns 2,534 shares of the exchange traded fund’s stock worth $125,000 after purchasing an additional 541 shares during the last quarter. Van Hulzen Asset Management LLC boosted its holdings in iShares Gold Trust by 1.8% during the fourth quarter. Van Hulzen Asset Management LLC now owns 243,168 shares of the exchange traded fund’s stock worth $12,039,000 after purchasing an additional 4,340 shares during the last quarter. Finally, Glenview Trust co purchased a new position in iShares Gold Trust during the fourth quarter worth about $559,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $56.29 on Monday. iShares Gold Trust has a fifty-two week low of $40.64 and a fifty-two week high of $56.53. The stock has a market cap of $40.33 billion, a PE ratio of -34.13 and a beta of 0.20. The firm’s 50-day simple moving average is $53.40 and its 200 day simple moving average is $51.05.

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.