Marks Group Wealth Management Inc Sells 209 Shares of iShares Gold Trust (NYSEARCA:IAU)

Marks Group Wealth Management Inc cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 34,320 shares of the exchange traded fund’s stock after selling 209 shares during the quarter. Marks Group Wealth Management Inc’s holdings in iShares Gold Trust were worth $1,699,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Compass Financial Services Inc purchased a new stake in shares of iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp raised its position in shares of iShares Gold Trust by 813.8% in the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners bought a new position in iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $40,000. Finally, Valued Wealth Advisors LLC increased its stake in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.3 %

Shares of NYSEARCA IAU opened at $54.69 on Wednesday. The firm’s 50 day moving average price is $50.88 and its 200-day moving average price is $49.60. iShares Gold Trust has a 52-week low of $37.53 and a 52-week high of $54.94.

iShares Gold Trust Profile

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.