Valued Retirements Inc. Sells 2,469 Shares of iShares Gold Trust (NYSEARCA:IAU)

Valued Retirements Inc. lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 6.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,978 shares of the exchange traded fund’s stock after selling 2,469 shares during the period. iShares Gold Trust comprises approximately 2.4% of Valued Retirements Inc.’s holdings, making the stock its 12th biggest position. Valued Retirements Inc.’s holdings in iShares Gold Trust were worth $1,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in iShares Gold Trust by 5.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock worth $56,260,000 after acquiring an additional 62,195 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at approximately $442,000. Sanchez Wealth Management Group purchased a new position in iShares Gold Trust during the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. lifted 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 valued at $557,498,000 after purchasing an additional 981,362 shares in the last quarter. Finally, Independent Family Office LLC lifted its holdings in iShares Gold Trust by 4.1% during the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock valued at $21,155,000 after purchasing an additional 16,827 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $56.29 on Monday. iShares Gold Trust has a 1-year low of $40.64 and a 1-year high of $56.53. The company has a market capitalization of $40.33 billion, a P/E ratio of -34.13 and a beta of 0.20. The firm’s 50 day simple moving average is $53.40 and its two-hundred day simple moving average is $51.05.

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.