Jaffetilchin Investment Partners LLC Decreases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Jaffetilchin Investment Partners LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 38.5% during the 4th quarter, HoldingsChannel reports. The firm owned 6,035 shares of the exchange traded fund’s stock after selling 3,782 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in iShares Gold Trust were worth $299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IAU. Quadrant Private Wealth Management LLC lifted its holdings in shares of iShares Gold Trust by 2.3% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after buying an additional 195 shares during the period. TPG Advisors LLC boosted its position in iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock worth $1,388,000 after purchasing an additional 199 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of iShares Gold Trust by 0.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 53,600 shares of the exchange traded fund’s stock valued at $2,654,000 after purchasing an additional 200 shares during the period. Riggs Asset Managment Co. Inc. increased its position in shares of iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 212 shares during the last quarter. Finally, SeaCrest Wealth Management LLC lifted its stake in shares of iShares Gold Trust by 2.7% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 215 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.9 %

IAU opened at $60.96 on Friday. The firm’s 50 day simple moving average is $56.18 and its two-hundred day simple moving average is $52.47. The company has a market capitalization of $44.04 billion, a PE ratio of -35.73 and a beta of 0.17. iShares Gold Trust has a 1-year low of $43.05 and a 1-year high of $61.22.

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.