First Command Advisory Services Inc. Sells 21,743 Shares of iShares Gold Trust (NYSEARCA:IAU)

First Command Advisory Services Inc. lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,378,187 shares of the exchange traded fund’s stock after selling 21,743 shares during the quarter. iShares Gold Trust comprises about 0.6% of First Command Advisory Services Inc.’s investment portfolio, making the stock its 11th biggest position. First Command Advisory Services Inc. owned approximately 0.21% of iShares Gold Trust worth $68,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC boosted its holdings in shares of iShares Gold Trust by 2,943.8% during the 4th quarter. Proficio Capital Partners LLC now owns 65,535,203 shares of the exchange traded fund’s stock worth $3,244,648,000 after buying an additional 63,382,112 shares during the period. FMR LLC lifted its holdings in shares of iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after buying an additional 60,784 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in iShares Gold Trust by 0.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock worth $902,181,000 after acquiring an additional 142,487 shares during the period. Empower Advisory Group LLC raised its stake in iShares Gold Trust by 0.8% during 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in iShares Gold Trust by 9.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after purchasing an additional 981,362 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $55.04 on Thursday. iShares Gold Trust has a 52 week low of $38.38 and a 52 week high of $55.70. The firm has a market capitalization of $37.35 billion, a P/E ratio of -33.32 and a beta of 0.20. The company has a 50-day simple moving average of $52.08 and a 200-day simple moving average of $50.36.

iShares Gold Trust Company 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.