Private Harbour Investment Management & Counsel LLC Sells 8,056 Shares of iShares Gold Trust (NYSEARCA:IAU)

Private Harbour Investment Management & Counsel LLC cut its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 207,877 shares of the exchange traded fund’s stock after selling 8,056 shares during the quarter. iShares Gold Trust accounts for approximately 11.3% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its largest position. Private Harbour Investment Management & Counsel LLC’s holdings in iShares Gold Trust were worth $10,292,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IAU. Citigroup Inc. grew its holdings in iShares Gold Trust by 72.9% in the 3rd quarter. Citigroup Inc. now owns 580,005 shares of the exchange traded fund’s stock valued at $28,826,000 after buying an additional 244,601 shares during the period. Fisher Asset Management LLC grew its holdings in iShares Gold Trust by 81.0% in the third quarter. Fisher Asset Management LLC now owns 10,351 shares of the exchange traded fund’s stock valued at $514,000 after purchasing an additional 4,632 shares during the period. Douglass Winthrop Advisors LLC purchased a new stake in iShares Gold Trust in the third quarter valued at approximately $928,000. Davis R M Inc. acquired a new position in iShares Gold Trust during the third quarter worth approximately $249,000. Finally, Blue Investment Partners LLC raised its stake in iShares Gold Trust by 0.6% during the third quarter. Blue Investment Partners LLC now owns 78,949 shares of the exchange traded fund’s stock worth $3,924,000 after purchasing an additional 476 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.5 %

IAU stock opened at $56.99 on Wednesday. The company has a market cap of $40.83 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20. The business has a fifty day simple moving average of $54.36 and a 200-day simple moving average of $51.54. iShares Gold Trust has a 52 week low of $41.08 and a 52 week high of $57.59.

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.