Brookstone Capital Management Sells 10,341 Shares of iShares Gold Trust $IAU

Brookstone Capital Management lowered its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 289,772 shares of the exchange traded fund’s stock after selling 10,341 shares during the quarter. Brookstone Capital Management’s holdings in iShares Gold Trust were worth $23,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ehrlich Financial Group boosted its holdings in shares of iShares Gold Trust by 15.3% in the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock worth $3,266,000 after acquiring an additional 5,943 shares during the period. Bay Harbor Wealth Management LLC grew its position in shares of iShares Gold Trust by 63.6% in the third quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock valued at $4,041,000 after purchasing an additional 21,596 shares in the last quarter. First Horizon Corp bought a new stake in shares of iShares Gold Trust during the 3rd quarter valued at $1,863,000. Strategic Blueprint LLC raised its stake in shares of iShares Gold Trust by 30.2% during the 3rd quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock valued at $9,964,000 after purchasing an additional 31,746 shares during the period. Finally, MA Private Wealth lifted its holdings in iShares Gold Trust by 10.3% during the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after purchasing an additional 14,705 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Stock Down 0.0%

Shares of NYSEARCA IAU opened at $84.93 on Tuesday. iShares Gold Trust has a 52 week low of $55.78 and a 52 week high of $104.40. The business has a 50-day simple moving average of $93.32 and a two-hundred day simple moving average of $83.45. The company has a market cap of $71.71 billion, a P/E ratio of 5.53 and a beta of 0.09.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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