Arete Wealth Advisors LLC Decreases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Arete Wealth Advisors LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 78.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,747 shares of the exchange traded fund’s stock after selling 41,726 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $582,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IAU. Proficio Capital Partners LLC grew its position in shares of 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 in the last quarter. LPL Financial LLC lifted its stake in iShares Gold Trust by 35.4% in the fourth quarter. LPL Financial LLC now owns 8,630,437 shares of the exchange traded fund’s stock worth $427,293,000 after acquiring an additional 2,257,590 shares during the last quarter. Truist Financial Corp lifted its stake in iShares Gold Trust by 56.8% in the fourth quarter. Truist Financial Corp now owns 4,160,293 shares of the exchange traded fund’s stock worth $205,976,000 after acquiring an additional 1,507,442 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in iShares Gold Trust by 4,039.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,118,460 shares of the exchange traded fund’s stock worth $55,375,000 after acquiring an additional 1,091,440 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $52,027,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 2.3 %

iShares Gold Trust stock opened at $57.26 on Friday. The company has a fifty day simple moving average of $55.42 and a 200-day simple moving average of $52.07. The stock has a market cap of $41.37 billion, a P/E ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 12-month low of $43.05 and a 12-month high of $59.15.

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.