Amplius Wealth Advisors LLC Sells 1,613 Shares of iShares Gold Trust (NYSEARCA:IAU)

Amplius Wealth Advisors LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,940 shares of the exchange traded fund’s stock after selling 1,613 shares during the period. Amplius Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $3,908,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in IAU. Quadrature Capital Ltd bought a new stake in iShares Gold Trust during the 3rd quarter worth approximately $95,801,000. Truist Financial Corp raised its position in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in iShares Gold Trust by 6,538.7% in the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after buying an additional 672,568 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its stake in iShares Gold Trust by 10,279.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock worth $33,128,000 after buying 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

Shares of iShares Gold Trust stock opened at $50.99 on Tuesday. The stock’s 50-day simple moving average is $49.87 and its 200-day simple moving average is $48.76. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

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.