iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,283 shares of the exchange traded fund’s stock after selling 1,324 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in iShares Gold Trust were worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IAU. Compass Financial Services Inc bought a new position in iShares Gold Trust in the 4th quarter valued at about $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in iShares Gold Trust during the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $58.95 on Thursday. iShares Gold Trust has a 1 year low of $42.96 and a 1 year high of $59.15. The business’s fifty day moving average is $55.19 and its 200-day moving average is $51.94. The stock has a market cap of $42.59 billion, a PE ratio of -35.73 and a beta of 0.17.

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.