iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,195 shares of the exchange traded fund’s stock after selling 521 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in iShares Gold Trust were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Compass Financial Services Inc bought a new stake in iShares Gold Trust in the 4th quarter valued at about $27,000. Archer Investment Corp increased its stake in shares of iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock valued at $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners acquired a new stake in shares of iShares Gold Trust in the fourth quarter valued at approximately $33,000. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $40,000. Finally, Valued Wealth Advisors LLC boosted its position in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $55.39 on Friday. iShares Gold Trust has a 12-month low of $38.21 and a 12-month high of $55.60. The business has a 50 day simple moving average of $51.64 and a 200 day simple moving average of $50.06.

iShares Gold Trust Company 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.