NavPoint Financial Inc. Decreases Position in iShares Gold Trust (NYSEARCA:IAU)

NavPoint Financial Inc. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,473 shares of the exchange traded fund’s stock after selling 4,450 shares during the period. iShares Gold Trust comprises approximately 2.8% of NavPoint Financial Inc.’s portfolio, making the stock its 13th largest position. NavPoint Financial Inc.’s holdings in iShares Gold Trust were worth $3,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. WealthNavi Inc. boosted its position in iShares Gold Trust by 4.2% during the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock valued at $287,405,000 after acquiring an additional 233,999 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC grew its stake in iShares Gold Trust by 0.8% in the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock worth $152,207,000 after purchasing an additional 23,058 shares during the period. Truist Financial Corp raised its holdings in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in iShares Gold Trust by 2.1% in the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after purchasing an additional 44,515 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $51.06 on Friday. The stock’s fifty day moving average price is $49.85 and its 200-day moving average price is $46.68. iShares Gold Trust has a 12 month low of $36.57 and a 12 month high of $52.69.

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.