Parallel Advisors LLC Lowers Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Parallel Advisors LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,332 shares of the exchange traded fund’s stock after selling 3,449 shares during the period. Parallel Advisors LLC’s holdings in iShares Gold Trust were worth $3,284,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IAU. Proficio Capital Partners LLC increased its holdings in iShares Gold Trust by 2,943.8% during the fourth 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 last quarter. Quadrature Capital Ltd purchased a new stake in iShares Gold Trust during the third quarter worth about $95,801,000. Truist Financial Corp increased its holdings in iShares Gold Trust by 56.8% during the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after buying an additional 1,507,442 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings 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 buying an additional 1,091,440 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $56.62 on Tuesday. iShares Gold Trust has a 52-week low of $40.64 and a 52-week high of $57.11. The company has a 50-day simple moving average of $53.54 and a 200 day simple moving average of $51.12. The company has a market capitalization of $40.56 billion, a PE ratio of -34.13 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.