Bridgewealth Advisory Group LLC Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Bridgewealth Advisory Group LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 30.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,744 shares of the exchange traded fund’s stock after selling 9,985 shares during the quarter. Bridgewealth Advisory Group LLC’s holdings in iShares Gold Trust were worth $955,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pettinga Financial Advisors LLC grew its position in shares of iShares Gold Trust by 2.5% during the first quarter. Pettinga Financial Advisors LLC now owns 10,225 shares of the exchange traded fund’s stock worth $430,000 after acquiring an additional 245 shares during the last quarter. Chatham Capital Group Inc. grew its position in iShares Gold Trust by 0.7% during the 1st quarter. Chatham Capital Group Inc. now owns 398,820 shares of the exchange traded fund’s stock worth $16,754,000 after purchasing an additional 2,890 shares during the last quarter. Avalon Capital Management purchased a new position in iShares Gold Trust during the 1st quarter worth $228,000. Foguth Wealth Management LLC. acquired a new position in iShares Gold Trust in the first quarter valued at $4,890,000. Finally, Legend Financial Advisors Inc. raised its holdings in shares of iShares Gold Trust by 0.6% in the first quarter. Legend Financial Advisors Inc. now owns 290,865 shares of the exchange traded fund’s stock valued at $12,219,000 after buying an additional 1,785 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU traded up $0.13 during mid-day trading on Monday, hitting $44.06. 4,216,108 shares of the company’s stock were exchanged, compared to its average volume of 6,380,995. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.08. The business’s 50 day moving average is $44.18 and its two-hundred day moving average is $41.45.

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.