J.W. Cole Advisors Inc. Sells 5,321 Shares of iShares Gold Trust (NYSEARCA:IAU)

J.W. Cole Advisors Inc. lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,895 shares of the exchange traded fund’s stock after selling 5,321 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares Gold Trust were worth $1,530,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the fourth quarter valued at approximately $27,000. Archer Investment Corp grew its holdings in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after acquiring an additional 529 shares during the period. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC boosted its position in shares of iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.5 %

NYSEARCA IAU opened at $54.46 on Tuesday. iShares Gold Trust has a 12 month low of $37.76 and a 12 month high of $55.29. The stock has a 50-day simple moving average of $51.28 and a 200 day simple moving average of $49.86.

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.