Beacon Investment Advisory Services Inc. Cuts Stake in iShares Gold Trust (NYSEARCA:IAU)

Beacon Investment Advisory Services Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 9.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 936,197 shares of the exchange traded fund’s stock after selling 97,704 shares during the quarter. iShares Gold Trust makes up approximately 2.0% of Beacon Investment Advisory Services Inc.’s portfolio, making the stock its 11th largest holding. Beacon Investment Advisory Services Inc. owned approximately 0.14% of iShares Gold Trust worth $46,351,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of iShares Gold Trust by 0.3% in the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after acquiring an additional 60,784 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC lifted its holdings in iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after purchasing an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Gold Trust by 9.6% during the 3rd 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, WealthNavi Inc. grew its holdings in shares of iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after buying an additional 233,999 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.5 %

Shares of NYSEARCA IAU opened at $52.03 on Thursday. The firm has a 50-day simple moving average of $50.02 and a 200-day simple moving average of $48.88. iShares Gold Trust has a 52 week low of $37.53 and a 52 week high of $52.69.

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.