Wescott Financial Advisory Group LLC Sells 436 Shares of iShares Gold Trust (NYSEARCA:IAU)

Wescott Financial Advisory Group LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,247 shares of the exchange traded fund’s stock after selling 436 shares during the period. Wescott Financial Advisory Group LLC’s holdings in iShares Gold Trust were worth $807,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. lifted its stake in 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 acquiring an additional 479,796 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of iShares Gold Trust by 4,843.7% during the 3rd quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after purchasing an additional 229,303 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in shares of iShares Gold Trust by 2.1% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock worth $8,992,000 after purchasing an additional 4,189 shares during the last quarter. Prospera Financial Services Inc increased its position in shares of iShares Gold Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock worth $2,213,000 after purchasing an additional 7,001 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.3 %

NYSEARCA:IAU opened at $51.08 on Friday. iShares Gold Trust has a twelve month low of $37.40 and a twelve month high of $52.69. The stock’s 50 day moving average price is $50.30 and its two-hundred day moving average price is $47.14.

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.