Compass Financial Group Inc. Decreases Position in iShares Gold Trust (NYSEARCA:IAU)

Compass Financial Group Inc. lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,385 shares of the exchange traded fund’s stock after selling 3,282 shares during the quarter. iShares Gold Trust comprises 1.1% of Compass Financial Group Inc.’s portfolio, making the stock its 26th largest position. Compass Financial Group Inc.’s holdings in iShares Gold Trust were worth $2,297,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of IAU. Proficio Capital Partners LLC increased its stake in iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares during the period. FMR LLC grew its stake in shares of iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after acquiring an additional 142,487 shares during the last quarter. Empower Advisory Group LLC lifted its stake in shares of iShares Gold Trust by 0.8% in the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after acquiring an additional 111,210 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 worth $557,498,000 after acquiring an additional 981,362 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.5 %

Shares of NYSEARCA IAU opened at $54.20 on Friday. iShares Gold Trust has a fifty-two week low of $38.41 and a fifty-two week high of $55.70. The business has a 50 day moving average price of $52.19 and a two-hundred day moving average price of $50.39. The firm has a market cap of $36.78 billion, a PE ratio of -33.32 and a beta of 0.20.

About iShares Gold Trust

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.