Rehmann Capital Advisory Group Decreases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Rehmann Capital Advisory Group trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,347 shares of the exchange traded fund’s stock after selling 2,771 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares Gold Trust were worth $7,272,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. TD Private Client Wealth LLC increased its holdings in iShares Gold Trust by 5.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 28,810 shares of the exchange traded fund’s stock worth $1,432,000 after purchasing an additional 1,407 shares during the last quarter. Arete Wealth Advisors LLC grew its position in shares of iShares Gold Trust by 547.3% during the third quarter. Arete Wealth Advisors LLC now owns 53,473 shares of the exchange traded fund’s stock worth $2,654,000 after buying an additional 45,212 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of iShares Gold Trust by 9.7% during the third quarter. Sunbelt Securities Inc. now owns 302,725 shares of the exchange traded fund’s stock worth $15,045,000 after buying an additional 26,791 shares in the last quarter. Ashford Capital Management Inc. increased its stake in shares of iShares Gold Trust by 5.4% in the third quarter. Ashford Capital Management Inc. now owns 8,711 shares of the exchange traded fund’s stock worth $433,000 after buying an additional 447 shares during the last quarter. Finally, Valued Retirements Inc. acquired a new stake in iShares Gold Trust in the third quarter valued at $1,911,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $50.83 on Wednesday. iShares Gold Trust has a 1 year low of $37.40 and a 1 year high of $52.69. The firm’s 50-day simple moving average is $50.38 and its 200-day simple moving average is $47.54.

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.