Delta Financial Advisors LLC Cuts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Delta Financial Advisors LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,257 shares of the exchange traded fund’s stock after selling 1,956 shares during the quarter. iShares Gold Trust comprises about 1.5% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Delta Financial Advisors LLC’s holdings in iShares Gold Trust were worth $3,974,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IAU. International Assets Investment Management LLC increased its position in iShares Gold Trust by 4,843.7% during the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock valued at $11,632,000 after buying an additional 229,303 shares in the last quarter. Arkadios Wealth Advisors raised its position in shares of iShares Gold Trust by 14.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 14,687 shares of the exchange traded fund’s stock valued at $730,000 after purchasing an additional 1,875 shares during the last quarter. Modera Wealth Management LLC boosted its stake in iShares Gold Trust by 1.5% in the 3rd quarter. Modera Wealth Management LLC now owns 64,124 shares of the exchange traded fund’s stock worth $3,187,000 after purchasing an additional 942 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in iShares Gold Trust by 1.7% during the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 17,057 shares of the exchange traded fund’s stock worth $848,000 after purchasing an additional 279 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in iShares Gold Trust by 4.7% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 43,414 shares of the exchange traded fund’s stock valued at $2,158,000 after purchasing an additional 1,936 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.5 %

NYSEARCA:IAU opened at $55.68 on Tuesday. iShares Gold Trust has a 12 month low of $38.31 and a 12 month high of $55.70. The firm has a fifty day simple moving average of $51.86 and a 200-day simple moving average of $50.27.

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.