Confluence Wealth Services Inc. Has $2.06 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Confluence Wealth Services Inc. trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,389 shares of the exchange traded fund’s stock after selling 1,845 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares Gold Trust were worth $2,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of IAU. Norden Group LLC acquired a new position in iShares Gold Trust during the 1st quarter worth approximately $555,000. Mission Wealth Management LP acquired a new position in iShares Gold Trust during the first quarter worth $453,000. Bryn Mawr Capital Management LLC grew its position in iShares Gold Trust by 33.8% in the first quarter. Bryn Mawr Capital Management LLC now owns 20,293 shares of the exchange traded fund’s stock valued at $853,000 after purchasing an additional 5,130 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in iShares Gold Trust by 4.0% in the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,332 shares of the exchange traded fund’s stock valued at $560,000 after purchasing an additional 515 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in iShares Gold Trust by 0.9% in the 1st quarter. Whittier Trust Co. now owns 75,735 shares of the exchange traded fund’s stock valued at $3,181,000 after buying an additional 678 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $51.62 on Friday. The company’s 50-day moving average price is $49.56 and its two-hundred day moving average price is $46.52. iShares Gold Trust has a one year low of $36.57 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.