Evoke Wealth LLC Trims Position in iShares Gold Trust (NYSEARCA:IAU)

Evoke Wealth LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 7.4% in the fourth quarter, HoldingsChannel reports. The firm owned 207,704 shares of the exchange traded fund’s stock after selling 16,517 shares during the period. Evoke Wealth LLC’s holdings in iShares Gold Trust were worth $10,283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its holdings in iShares Gold Trust by 2,943.8% in the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock valued at $3,244,648,000 after purchasing an additional 63,382,112 shares during the last quarter. Quadrature Capital Ltd acquired a new position in iShares Gold Trust in the third quarter valued at approximately $95,801,000. Truist Financial Corp grew its position in iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after acquiring an additional 1,507,442 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in iShares Gold Trust by 4,039.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock worth $55,375,000 after acquiring an additional 1,091,440 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in iShares Gold Trust by 9.6% in 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 during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.6 %

NYSEARCA IAU opened at $56.62 on Tuesday. The stock has a fifty day simple moving average of $53.54 and a 200-day simple moving average of $51.12. The stock has a market cap of $40.56 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a twelve month low of $40.64 and a twelve month high of $57.11.

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.