iShares Gold Trust (NYSEARCA:IAU) Holdings Cut by Legend Financial Advisors Inc.

Legend Financial Advisors Inc. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,215 shares of the exchange traded fund’s stock after selling 3,400 shares during the period. iShares Gold Trust comprises approximately 9.5% of Legend Financial Advisors Inc.’s holdings, making the stock its biggest holding. Legend Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $13,827,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IAU. Truist Financial Corp grew its holdings in iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in iShares Gold Trust during the 1st quarter worth $30,021,000. Hsbc Holdings PLC boosted its holdings in shares of iShares Gold Trust by 713.8% in the 2nd quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after buying an additional 665,653 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $26,134,000. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after buying an additional 586,652 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.0 %

NYSEARCA IAU opened at $51.37 on Friday. iShares Gold Trust has a one year low of $36.57 and a one year high of $51.41. The company has a 50-day simple moving average of $48.59 and a 200-day simple moving average of $45.97.

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.