iShares Gold Trust (NYSEARCA:IAU) Shares Sold by RFG Advisory LLC

RFG Advisory LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 45.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,125 shares of the exchange traded fund’s stock after selling 7,479 shares during the period. RFG Advisory LLC’s holdings in iShares Gold Trust were worth $452,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in shares of iShares Gold Trust in the 2nd quarter valued at approximately $683,000. Creative Planning increased its holdings in iShares Gold Trust by 1.2% in the second quarter. Creative Planning now owns 798,044 shares of the exchange traded fund’s stock valued at $35,058,000 after buying an additional 9,705 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in iShares Gold Trust in the second quarter valued at $1,300,000. NewEdge Advisors LLC lifted its holdings in iShares Gold Trust by 12.4% during the 2nd quarter. NewEdge Advisors LLC now owns 204,465 shares of the exchange traded fund’s stock worth $8,982,000 after buying an additional 22,492 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in iShares Gold Trust by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 275,934 shares of the exchange traded fund’s stock worth $12,122,000 after buying an additional 20,840 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.1 %

IAU opened at $51.76 on Tuesday. iShares Gold Trust has a one year low of $37.53 and a one year high of $52.69. The business’s 50-day simple moving average is $50.17 and its 200-day simple moving average is $49.01.

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.