iShares Gold Trust (NYSEARCA:IAU) Holdings Cut by Valmark Advisers Inc.

Valmark Advisers Inc. reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 26.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,739 shares of the exchange traded fund’s stock after selling 3,416 shares during the period. Valmark Advisers Inc.’s holdings in iShares Gold Trust were worth $482,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its position in iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in iShares Gold Trust by 0.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after buying an additional 142,487 shares during the last quarter. Empower Advisory Group LLC boosted its holdings in shares of iShares Gold Trust by 0.8% during the third quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock valued at $741,610,000 after acquiring an additional 111,210 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Gold Trust by 9.6% during the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. grew its position in shares of iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after acquiring an additional 233,999 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 1.5 %

Shares of NYSEARCA:IAU opened at $54.46 on Tuesday. The company’s 50-day moving average price is $51.28 and its 200 day moving average price is $49.86. iShares Gold Trust has a fifty-two week low of $37.76 and a fifty-two week high of $55.29.

iShares Gold Trust 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.