Plan Group Financial LLC Trims Holdings in iShares Gold Trust (NYSEARCA:IAU)

Plan Group Financial LLC lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,868 shares of the exchange traded fund’s stock after selling 3,570 shares during the quarter. iShares Gold Trust accounts for 1.1% of Plan Group Financial LLC’s holdings, making the stock its 19th largest holding. Plan Group Financial LLC’s holdings in iShares Gold Trust were worth $2,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Macroview Investment Management LLC raised its holdings in shares of iShares Gold Trust by 3.3% in the 3rd quarter. Macroview Investment Management LLC now owns 25,942 shares of the exchange traded fund’s stock valued at $1,289,000 after buying an additional 830 shares during the period. Blossom Wealth Management raised its holdings in shares of iShares Gold Trust by 4.3% in the 3rd quarter. Blossom Wealth Management now owns 24,770 shares of the exchange traded fund’s stock valued at $1,231,000 after buying an additional 1,032 shares during the period. CPA Asset Management LLC raised its holdings in shares of iShares Gold Trust by 6.9% in the 3rd quarter. CPA Asset Management LLC now owns 259,837 shares of the exchange traded fund’s stock valued at $12,914,000 after buying an additional 16,684 shares during the period. Eastern Bank purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at $1,565,000. Finally, Signaturefd LLC raised its holdings in shares of iShares Gold Trust by 11.9% in the 3rd quarter. Signaturefd LLC now owns 22,264 shares of the exchange traded fund’s stock valued at $1,107,000 after buying an additional 2,362 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.3 %

IAU stock opened at $51.75 on Wednesday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $51.92. The business’s fifty day moving average price is $48.80 and its 200 day moving average price is $46.12.

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.