Empower Advisory Group LLC Sells 1,028,719 Shares of iShares Gold Trust (NYSEARCA:IAU)

Empower Advisory Group LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,893,012 shares of the exchange traded fund’s stock after selling 1,028,719 shares during the period. iShares Gold Trust makes up approximately 2.3% of Empower Advisory Group LLC’s portfolio, making the stock its 9th biggest holding. Empower Advisory Group LLC’s holdings in iShares Gold Trust were worth $687,843,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Strategic Financial Concepts LLC acquired a new stake in shares of iShares Gold Trust during the fourth quarter valued at $442,000. Sanchez Wealth Management Group acquired a new stake in iShares Gold Trust in the 4th quarter worth about $228,000. JPMorgan Chase & Co. boosted its stake 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 worth $557,498,000 after buying an additional 981,362 shares during the last quarter. Independent Family Office LLC boosted its stake in iShares Gold Trust by 4.1% in the 3rd quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after buying an additional 16,827 shares during the last quarter. Finally, Silverleafe Capital Partners LLC boosted its stake in iShares Gold Trust by 0.4% in the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock worth $9,329,000 after buying an additional 689 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $54.46 on Monday. The stock’s 50-day moving average price is $51.28 and its two-hundred day moving average price is $49.83. iShares Gold Trust has a 12-month low of $37.76 and a 12-month high of $55.29.

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.