iShares Gold Trust (NYSEARCA:IAU) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 10.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 662,721 shares of the exchange traded fund’s stock after selling 74,647 shares during the period. iShares Gold Trust comprises approximately 2.2% of EverSource Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. EverSource Wealth Advisors LLC owned 0.10% of iShares Gold Trust worth $28,696,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Ocean LLC acquired a new position in shares of iShares Gold Trust during the first quarter worth $29,000. ORG Partners LLC bought a new stake in iShares Gold Trust during the fourth quarter valued at $28,000. Pingora Partners LLC acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at about $31,000. YHB Investment Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at about $33,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $32,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 0.2 %

Shares of iShares Gold Trust stock traded down $0.09 during trading on Friday, reaching $46.05. 12,300,132 shares of the company traded hands, compared to its average volume of 4,303,228. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $46.93. The company has a 50 day moving average price of $44.67 and a 200-day moving average price of $42.56.

iShares Gold Trust Company 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.