Aberdeen Wealth Management LLC Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Aberdeen Wealth Management LLC decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,912 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Aberdeen Wealth Management LLC’s holdings in iShares Gold Trust were worth $741,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IAU. O Shaughnessy Asset Management LLC acquired a new position in iShares Gold Trust in the 1st quarter valued at about $840,000. Lake Street Advisors Group LLC purchased a new position in shares of iShares Gold Trust during the first quarter valued at approximately $961,000. National Bank of Canada FI boosted its position in iShares Gold Trust by 67.9% during the first quarter. National Bank of Canada FI now owns 697,460 shares of the exchange traded fund’s stock worth $31,147,000 after acquiring an additional 282,053 shares during the last quarter. Evermay Wealth Management LLC purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $2,984,000. Finally, CreativeOne Wealth LLC raised its holdings in iShares Gold Trust by 28.1% in the 1st quarter. CreativeOne Wealth LLC now owns 28,969 shares of the exchange traded fund’s stock valued at $1,217,000 after acquiring an additional 6,356 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

IAU stock opened at $49.29 on Tuesday. iShares Gold Trust has a 52-week low of $37.21 and a 52-week high of $52.69. The stock’s fifty day simple moving average is $50.12 and its 200-day simple moving average is $46.98.

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.