MCF Advisors LLC Sells 206 Shares of iShares Gold Trust (NYSEARCA:IAU)

MCF Advisors LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 19.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 871 shares of the exchange traded fund’s stock after selling 206 shares during the quarter. MCF Advisors LLC’s holdings in iShares Gold Trust were worth $43,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Arkadios Wealth Advisors boosted its holdings in shares of iShares Gold Trust by 14.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 14,687 shares of the exchange traded fund’s stock worth $730,000 after buying an additional 1,875 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in iShares Gold Trust by 14.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 720,398 shares of the exchange traded fund’s stock worth $36,085,000 after acquiring an additional 92,479 shares during the last quarter. Outlook Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the third quarter worth approximately $544,000. Signet Investment Advisory Group Inc. grew its position in shares of iShares Gold Trust by 1.3% in the third quarter. Signet Investment Advisory Group Inc. now owns 238,829 shares of the exchange traded fund’s stock valued at $11,870,000 after purchasing an additional 3,058 shares during the last quarter. Finally, Financial Management Network Inc. increased its stake in shares of iShares Gold Trust by 4.4% during the third quarter. Financial Management Network Inc. now owns 69,672 shares of the exchange traded fund’s stock worth $3,489,000 after purchasing an additional 2,914 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $51.80 on Friday. The business has a fifty day simple moving average of $49.09 and a 200 day simple moving average of $46.25. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $51.92.

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.