iShares Gold Trust $IAU Shares Sold by Faithward Advisors LLC

Faithward Advisors LLC reduced its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 233,729 shares of the exchange traded fund’s stock after selling 14,657 shares during the quarter. iShares Gold Trust comprises 2.8% of Faithward Advisors LLC’s holdings, making the stock its 5th largest holding. Faithward Advisors LLC’s holdings in iShares Gold Trust were worth $20,606,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IAU. Wills Financial Group LLC raised its holdings in shares of iShares Gold Trust by 9.8% during the fourth quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at about $1,725,000. Allianz SE grew its stake in shares of iShares Gold Trust by 2.8% in the 3rd quarter. Allianz SE now owns 1,186,632 shares of the exchange traded fund’s stock valued at $86,351,000 after buying an additional 32,341 shares during the period. Advisory Services Network LLC grew its stake in shares of iShares Gold Trust by 20.3% in the 3rd quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after buying an additional 35,018 shares during the period. Finally, Mill Creek Capital Advisors LLC increased its position in iShares Gold Trust by 2.9% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 203,287 shares of the exchange traded fund’s stock valued at $14,793,000 after buying an additional 5,749 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU stock opened at $77.33 on Wednesday. The stock’s 50 day simple moving average is $85.10 and its 200 day simple moving average is $87.71. iShares Gold Trust has a fifty-two week low of $61.37 and a fifty-two week high of $104.40. The company has a market cap of $65.83 billion, a P/E ratio of 5.53 and a beta of 0.15.

Key Stories Impacting iShares Gold Trust

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About iShares Gold Trust

(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).

See Also

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

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