iShares Gold Trust $IAU Shares Sold by FDx Advisors Inc.

FDx Advisors Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 15.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 72,112 shares of the exchange traded fund’s stock after selling 13,682 shares during the quarter. iShares Gold Trust makes up approximately 1.6% of FDx Advisors Inc.’s holdings, making the stock its 17th biggest holding. FDx Advisors Inc.’s holdings in iShares Gold Trust were worth $5,437,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keener Financial Planning LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $25,000. MTM Investment Management LLC purchased a new position in iShares Gold Trust during the second quarter worth about $25,000. Private Wealth Management Group LLC increased its position in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares during the last quarter. Key Financial Inc purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in shares of iShares Gold Trust in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $91.20 on Friday. iShares Gold Trust has a fifty-two week low of $52.74 and a fifty-two week high of $104.40. The company has a 50 day moving average price of $84.38 and a 200 day moving average price of $75.08. The stock has a market capitalization of $77.00 billion, a P/E ratio of 5.53 and a beta of 0.09.

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).

Further Reading

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)

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