Blue Trust Inc. Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Blue Trust Inc. reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 470,926 shares of the exchange traded fund’s stock after selling 5,547 shares during the quarter. Blue Trust Inc. owned 0.07% of iShares Gold Trust worth $23,316,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IAU. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $27,000. Archer Investment Corp increased its position in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after buying an additional 529 shares in the last quarter. Financial Life Planners purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC increased its position in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $54.46 on Friday. iShares Gold Trust has a 12 month low of $37.76 and a 12 month high of $55.29. The business has a 50 day simple moving average of $51.19 and a 200-day simple moving average of $49.74.

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.