World Investment Advisors Cuts Stock Position in iShares Gold Trust $IAU

World Investment Advisors lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,856 shares of the exchange traded fund’s stock after selling 13,899 shares during the period. World Investment Advisors’ holdings in iShares Gold Trust were worth $15,239,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Godfrey Financial Associates Inc. purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $25,000. Monetary Solutions Ltd purchased a new position in iShares Gold Trust in the fourth quarter worth about $26,000. Merkkuri Wealth Advisors LLC bought a new position in shares of iShares Gold Trust in the first quarter worth approximately $26,000. Fairway Wealth LLC lifted its stake in shares of iShares Gold Trust by 525.0% in the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 252 shares in the last quarter. Finally, Rossby Financial LCC grew its holdings in shares of iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Trending Headlines about iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Price Performance

Shares of IAU opened at $77.51 on Friday. The company has a market capitalization of $64.02 billion, a P/E ratio of 5.53 and a beta of 0.18. The firm has a 50 day moving average of $82.89 and a 200 day moving average of $87.46. iShares Gold Trust has a twelve month low of $61.60 and a twelve month high of $104.40.

iShares Gold Trust 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).

See Also

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)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.