iShares Gold Trust (NYSEARCA:IAU) Shares Sold by PFG Investments LLC

PFG Investments LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,423 shares of the exchange traded fund’s stock after selling 610 shares during the quarter. PFG Investments LLC’s holdings in iShares Gold Trust were worth $1,164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of iShares Gold Trust by 8.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after buying an additional 1,830 shares during the period. Concurrent Investment Advisors LLC grew its holdings in shares of iShares Gold Trust by 5.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 436 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 13.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after purchasing an additional 396 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the last quarter. Finally, Whittier Trust Co. raised its holdings in iShares Gold Trust by 0.9% in the 1st quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock valued at $3,181,000 after buying an additional 678 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.2 %

Shares of IAU stock opened at $51.80 on Monday. iShares Gold Trust has a 1-year low of $36.57 and a 1-year high of $51.92. The company has a 50-day moving average of $49.09 and a two-hundred day moving average of $46.26.

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.