iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,208 shares of the exchange traded fund’s stock after selling 2,156 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in iShares Gold Trust were worth $3,030,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IAU. Financial Engines Advisors L.L.C. purchased a new position in iShares Gold Trust during the fourth quarter worth about $599,000. Financial Counselors Inc. increased its holdings in shares of iShares Gold Trust by 0.5% during the 4th quarter. Financial Counselors Inc. now owns 155,268 shares of the exchange traded fund’s stock worth $7,687,000 after buying an additional 808 shares during the last quarter. Ipsen Advisor Group LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter valued at approximately $1,980,000. Journey Beyond Wealth LLC purchased a new position in iShares Gold Trust in the fourth quarter worth approximately $236,000. Finally, Signature Estate & Investment Advisors LLC increased its stake in iShares Gold Trust by 5.5% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 11,255 shares of the exchange traded fund’s stock worth $557,000 after acquiring an additional 589 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.5 %

Shares of iShares Gold Trust stock opened at $56.99 on Wednesday. The firm has a market cap of $40.83 billion, a PE ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 52 week low of $41.08 and a 52 week high of $57.59. The business’s fifty day simple moving average is $54.36 and its 200-day simple moving average is $51.54.

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.