Flagstar Advisors Inc. Sells 6,697 Shares of iShares Gold Trust $IAU

Flagstar Advisors Inc. lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 43.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,563 shares of the exchange traded fund’s stock after selling 6,697 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares Gold Trust were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Ehrlich Financial Group raised its stake in iShares Gold Trust by 15.3% in the third quarter. Ehrlich Financial Group now owns 44,884 shares of the exchange traded fund’s stock valued at $3,266,000 after purchasing an additional 5,943 shares in the last quarter. Bay Harbor Wealth Management LLC lifted its position in iShares Gold Trust by 63.6% during the third quarter. Bay Harbor Wealth Management LLC now owns 55,530 shares of the exchange traded fund’s stock worth $4,041,000 after purchasing an additional 21,596 shares during the period. First Horizon Corp acquired a new stake in iShares Gold Trust during the third quarter worth about $1,863,000. Strategic Blueprint LLC grew its stake in iShares Gold Trust by 30.2% during the third quarter. Strategic Blueprint LLC now owns 136,931 shares of the exchange traded fund’s stock worth $9,964,000 after buying an additional 31,746 shares in the last quarter. Finally, MA Private Wealth increased its holdings in iShares Gold Trust by 10.3% in the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock valued at $11,480,000 after buying an additional 14,705 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 3.7%

IAU stock opened at $82.09 on Friday. The company’s 50-day moving average price is $93.38 and its two-hundred day moving average price is $83.02. The firm has a market cap of $69.31 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12 month low of $55.78 and a 12 month high of $104.40.

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iShares Gold Trust Company 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).

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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)

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