Worth Financial Advisory Group LLC Decreases Holdings in iShares Gold Trust (NYSEARCA:IAU)

Worth Financial Advisory Group LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,793 shares of the exchange traded fund’s stock after selling 416 shares during the period. Worth Financial Advisory Group LLC’s holdings in iShares Gold Trust were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Compass Financial Services Inc bought a new position in iShares Gold Trust in the fourth quarter valued at about $27,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $29,000. Financial Life Planners bought a new position in shares of iShares Gold Trust in the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust in the fourth quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew its position in iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 333 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.1 %

Shares of IAU stock opened at $56.92 on Thursday. The company has a 50 day simple moving average of $54.48 and a two-hundred day simple moving average of $51.57. The stock has a market cap of $40.78 billion, a P/E ratio of -34.13 and a beta of 0.20. iShares Gold Trust has a 12 month low of $41.33 and a 12 month high of $57.59.

iShares Gold Trust Company 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.