iShares Gold Trust $IAU Holdings Cut by First Command Advisory Services Inc.

First Command Advisory Services Inc. reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 3.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,188,188 shares of the exchange traded fund’s stock after selling 41,948 shares during the period. iShares Gold Trust accounts for 0.6% of First Command Advisory Services Inc.’s holdings, making the stock its 17th biggest position. First Command Advisory Services Inc.’s holdings in iShares Gold Trust were worth $86,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IAU. MTM Investment Management LLC purchased a new position in iShares Gold Trust in the second quarter valued at about $25,000. Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares Gold Trust during the 3rd quarter worth about $29,000. Keener Financial Planning LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC lifted its holdings in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the last quarter. Finally, Key Financial Inc bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $28,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $95.18 on Tuesday. The firm has a market cap of $80.30 billion, a PE ratio of 5.53 and a beta of 0.09. The firm’s 50 day moving average price is $82.69 and its 200 day moving average price is $74.18. iShares Gold Trust has a twelve month low of $51.52 and a twelve month high of $96.12.

Trending Headlines about iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.