Kovack Advisors Inc. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 45.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,638 shares of the exchange traded fund’s stock after selling 7,976 shares during the period. Kovack Advisors Inc.’s holdings in iShares Gold Trust were worth $479,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Global Trust Asset Management LLC increased its holdings in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $31,000. Opal Wealth Advisors LLC acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $34,000. Pacifica Partners Inc. bought a new position in iShares Gold Trust during the 2nd quarter worth approximately $35,000. Finally, Chris Bulman Inc acquired a new position in iShares Gold Trust during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Trading Down 0.3 %
IAU opened at $48.46 on Friday. The firm’s fifty day moving average is $50.04 and its two-hundred day moving average is $46.85. iShares Gold Trust has a twelve month low of $37.02 and a twelve month 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.
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