Pacific Capital Wealth Advisors Inc. Reduces Position in iShares Gold Trust (NYSEARCA:IAU)

Pacific Capital Wealth Advisors Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,421 shares of the exchange traded fund’s stock after selling 12,335 shares during the quarter. iShares Gold Trust comprises approximately 0.7% of Pacific Capital Wealth Advisors Inc.’s portfolio, making the stock its 22nd largest holding. Pacific Capital Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $2,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in iShares Gold Trust by 0.6% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,572,711 shares of the exchange traded fund’s stock worth $841,983,000 after buying an additional 121,364 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its position in shares of iShares Gold Trust by 1.0% during the 3rd quarter. Charles Schwab Investment Advisory Inc. now owns 20,597,212 shares of the exchange traded fund’s stock valued at $720,696,000 after acquiring an additional 199,531 shares during the last quarter. Empower Advisory Group LLC increased its position in iShares Gold Trust by 2.6% during the third quarter. Empower Advisory Group LLC now owns 14,357,348 shares of the exchange traded fund’s stock worth $502,364,000 after purchasing an additional 366,559 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in iShares Gold Trust by 226.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock traded down $0.12 during mid-day trading on Wednesday, hitting $43.64. The stock had a trading volume of 6,209,175 shares, compared to its average volume of 6,956,686. The firm has a 50-day moving average of $42.64 and a two-hundred day moving average of $39.73. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98.

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.