Phoenix Wealth Advisors Has $466,000 Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Phoenix Wealth Advisors lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 3.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,963 shares of the exchange traded fund’s stock after selling 372 shares during the quarter. Phoenix Wealth Advisors’ holdings in iShares Gold Trust were worth $466,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in IAU. PFG Advisors increased its holdings in shares of iShares Gold Trust by 3.7% in the 4th quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock valued at $818,000 after purchasing an additional 754 shares during the period. Kingswood Wealth Advisors LLC increased its stake in iShares Gold Trust by 203.7% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after buying an additional 13,101 shares during the period. Hsbc Holdings PLC lifted its position in iShares Gold Trust by 6.7% in the 3rd quarter. Hsbc Holdings PLC now owns 99,513 shares of the exchange traded fund’s stock worth $3,482,000 after buying an additional 6,263 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of iShares Gold Trust by 57.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 205,700 shares of the exchange traded fund’s stock valued at $7,197,000 after buying an additional 75,200 shares during the period. Finally, Bleakley Financial Group LLC grew its holdings in shares of iShares Gold Trust by 2.4% during the 4th quarter. Bleakley Financial Group LLC now owns 13,884 shares of the exchange traded fund’s stock valued at $542,000 after acquiring an additional 323 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.2 %

Shares of NYSEARCA IAU traded down $0.07 during mid-day trading on Wednesday, reaching $45.11. The company had a trading volume of 3,406,830 shares, compared to its average volume of 6,662,507. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98. The stock’s 50 day moving average is $40.78 and its 200-day moving average is $38.81.

About iShares Gold Trust

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.