Petra Financial Advisors Inc. Raises Holdings in iShares Gold Trust (NYSEARCA:IAU)

Petra Financial Advisors Inc. lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 120.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,391 shares of the exchange traded fund’s stock after buying an additional 12,785 shares during the period. Petra Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $1,163,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IAU. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of iShares Gold Trust by 8.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock worth $1,034,000 after acquiring an additional 1,830 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of iShares Gold Trust by 5.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 436 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 13.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after acquiring an additional 396 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after acquiring an additional 479,796 shares during the period. Finally, Whittier Trust Co. grew its holdings in shares of iShares Gold Trust by 0.9% in the 1st quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock worth $3,181,000 after acquiring an additional 678 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU traded down $0.73 during trading hours on Thursday, reaching $51.92. 1,453,772 shares of the company traded hands, compared to its average volume of 5,895,537. The firm’s 50-day moving average is $49.38 and its 200-day moving average is $46.43. iShares Gold Trust has a 1-year low of $36.57 and a 1-year high of $52.69.

iShares Gold Trust 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.