SVB Wealth LLC Reduces Holdings in iShares Gold Trust (NYSEARCA:IAU)

SVB Wealth LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,195 shares of the exchange traded fund’s stock after selling 3,518 shares during the period. SVB Wealth LLC’s holdings in iShares Gold Trust were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. First American Trust FSB boosted its position in iShares Gold Trust by 28.6% in the 4th quarter. First American Trust FSB now owns 230,261 shares of the exchange traded fund’s stock worth $8,987,000 after purchasing an additional 51,157 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its holdings in iShares Gold Trust by 2.0% in the 4th quarter. Hamilton Point Investment Advisors LLC now owns 129,918 shares of the exchange traded fund’s stock valued at $5,071,000 after buying an additional 2,558 shares in the last quarter. LifePlan Financial LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $7,522,000. Oak Family Advisors LLC boosted its holdings in iShares Gold Trust by 1.8% during the 4th quarter. Oak Family Advisors LLC now owns 23,817 shares of the exchange traded fund’s stock valued at $930,000 after acquiring an additional 412 shares during the period. Finally, Grove Bank & Trust raised its position in iShares Gold Trust by 3.6% in the 4th quarter. Grove Bank & Trust now owns 12,868 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 443 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 iShares Gold Trust stock opened at $43.91 on Wednesday. iShares Gold Trust has a one year low of $34.35 and a one year high of $45.98. The business has a 50-day simple moving average of $41.41 and a 200-day simple moving average of $39.17.

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.