Titleist Asset Management LLC Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Titleist Asset Management LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 48.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,599 shares of the exchange traded fund’s stock after selling 10,796 shares during the period. Titleist Asset Management LLC’s holdings in iShares Gold Trust were worth $574,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of iShares Gold Trust by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,136,328 shares of the exchange traded fund’s stock valued at $56,260,000 after buying an additional 62,195 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in iShares Gold Trust in the 4th quarter valued at $442,000. Sanchez Wealth Management Group purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $228,000. JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 981,362 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its position in shares of iShares Gold Trust by 0.4% in the fourth quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after purchasing an additional 689 shares during the period. 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 Monday. The stock has a fifty day moving average price of $55.42 and a 200 day moving average price of $52.10. iShares Gold Trust has a 52 week low of $43.05 and a 52 week high of $59.15. The firm has a market capitalization of $41.37 billion, a P/E ratio of -35.73 and a beta of 0.17.

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.