iShares Gold Trust (NYSEARCA:IAU) Stock Position Decreased by Apollon Wealth Management LLC

Apollon Wealth Management LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,746 shares of the exchange traded fund’s stock after selling 1,812 shares during the period. Apollon Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,156,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its position in iShares Gold Trust by 2.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 30,119 shares of the exchange traded fund’s stock worth $1,265,000 after purchasing an additional 631 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in 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 in the last quarter. Beacon Investment Advisory Services Inc. boosted its position in iShares Gold Trust by 0.3% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 1,058,762 shares of the exchange traded fund’s stock worth $44,479,000 after acquiring an additional 3,632 shares during the period. Kingsview Wealth Management LLC grew its stake in iShares Gold Trust by 10.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 328,648 shares of the exchange traded fund’s stock valued at $13,807,000 after acquiring an additional 30,797 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its holdings in shares of iShares Gold Trust by 254.2% in the 1st quarter. First Eagle Investment Management LLC now owns 4,683 shares of the exchange traded fund’s stock valued at $197,000 after purchasing an additional 3,361 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $49.09 on Wednesday. The firm has a 50 day simple moving average of $49.97 and a 200 day simple moving average of $46.80. iShares Gold Trust has a 52 week low of $36.57 and a 52 week high of $52.69.

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.