iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% during the third quarter, HoldingsChannel.com reports. The fund owned 1,033,901 shares of the exchange traded fund’s stock after selling 16,086 shares during the quarter. iShares Gold Trust makes up 2.1% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 9th largest position. Beacon Investment Advisory Services Inc.’s holdings in iShares Gold Trust were worth $51,385,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Benjamin Edwards Inc. acquired a new position in iShares Gold Trust in the 3rd quarter valued at about $593,000. Kitching Partners LLC grew its stake in shares of iShares Gold Trust by 20.7% in the 3rd quarter. Kitching Partners LLC now owns 89,331 shares of the exchange traded fund’s stock valued at $4,440,000 after purchasing an additional 15,341 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of iShares Gold Trust by 5.3% in the third quarter. Captrust Financial Advisors now owns 2,182,410 shares of the exchange traded fund’s stock valued at $108,468,000 after purchasing an additional 110,384 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares Gold Trust during the third quarter worth approximately $215,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of iShares Gold Trust by 12.4% during the third quarter. Rockefeller Capital Management L.P. now owns 1,493,820 shares of the exchange traded fund’s stock worth $74,243,000 after purchasing an additional 164,596 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.9 %

NYSEARCA:IAU opened at $50.25 on Monday. iShares Gold Trust has a 1-year low of $37.40 and a 1-year high of $52.69. The firm’s fifty day moving average price is $50.41 and its 200 day moving average price is $47.35.

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.