Independent Advisor Alliance Reduces Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Independent Advisor Alliance trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,335 shares of the exchange traded fund’s stock after selling 409 shares during the period. Independent Advisor Alliance’s holdings in iShares Gold Trust were worth $712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. SVB Wealth LLC grew its stake in iShares Gold Trust by 7.7% during the 1st quarter. SVB Wealth LLC now owns 5,594 shares of the exchange traded fund’s stock worth $235,000 after buying an additional 399 shares during the last quarter. Strategic Wealth Partners Ltd. grew its stake in iShares Gold Trust by 13.8% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 25,116 shares of the exchange traded fund’s stock worth $1,055,000 after buying an additional 3,037 shares during the last quarter. Cetera Investment Advisers grew its stake in iShares Gold Trust by 545.9% during the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock worth $29,160,000 after buying an additional 586,652 shares during the last quarter. Cetera Advisors LLC grew its stake in iShares Gold Trust by 34.5% during the 1st quarter. Cetera Advisors LLC now owns 174,901 shares of the exchange traded fund’s stock worth $7,348,000 after buying an additional 44,830 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in iShares Gold Trust during the 1st quarter worth about $1,727,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.2 %

Shares of IAU opened at $49.78 on Thursday. The stock has a 50-day moving average of $50.37 and a two-hundred day moving average of $47.25. iShares Gold Trust has a one year low of $37.40 and a one year high of $52.69.

About iShares Gold Trust

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.