Highland Financial Advisors LLC Sells 4,765 Shares of iShares Gold Trust (NYSEARCA:IAU)

Highland Financial Advisors LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,921 shares of the exchange traded fund’s stock after selling 4,765 shares during the period. iShares Gold Trust comprises approximately 2.5% of Highland Financial Advisors LLC’s portfolio, making the stock its 13th biggest holding. Highland Financial Advisors LLC’s holdings in iShares Gold Trust were worth $7,076,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Strategic Financial Concepts LLC purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $442,000. Sanchez Wealth Management Group purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $228,000. JPMorgan Chase & Co. grew its holdings in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the last quarter. Independent Family Office LLC increased its stake in shares of iShares Gold Trust by 4.1% in the third quarter. Independent Family Office LLC now owns 425,857 shares of the exchange traded fund’s stock worth $21,155,000 after buying an additional 16,827 shares during the period. Finally, Silverleafe Capital Partners LLC boosted its position in iShares Gold Trust by 0.4% during the 4th quarter. Silverleafe Capital Partners LLC now owns 188,431 shares of the exchange traded fund’s stock valued at $9,329,000 after buying an additional 689 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 1.5 %

Shares of IAU stock opened at $54.46 on Friday. The stock has a fifty day moving average of $51.28 and a 200 day moving average of $49.83. iShares Gold Trust has a 52 week low of $37.76 and a 52 week high of $55.29.

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.