Kovack Advisors Inc. Sells 7,976 Shares of iShares Gold Trust (NYSEARCA:IAU)

Kovack Advisors Inc. trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 45.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,638 shares of the exchange traded fund’s stock after selling 7,976 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares Gold Trust were worth $479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TCP Asset Management LLC raised its stake in shares of iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after acquiring an additional 195 shares during the last quarter. Baker Avenue Asset Management LP raised its position in iShares Gold Trust by 2.9% in the 3rd quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after purchasing an additional 215 shares during the last quarter. Howard Financial Services LTD. lifted its holdings in iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after buying an additional 220 shares in the last quarter. Avaii Wealth Management LLC boosted its position in iShares Gold Trust by 1.7% in the 3rd quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after buying an additional 249 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in iShares Gold Trust by 1.4% in the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 262 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $48.46 on Friday. iShares Gold Trust has a twelve month low of $37.02 and a twelve month high of $52.69. The business has a fifty day moving average of $50.04 and a 200-day moving average of $46.85.

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.