Independent Wealth Network Inc. Sells 3,176 Shares of iShares Gold Trust (NYSEARCA:IAU)

Independent Wealth Network Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,388 shares of the exchange traded fund’s stock after selling 3,176 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares Gold Trust were worth $613,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in iShares Gold Trust by 136.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 811,127 shares of the exchange traded fund’s stock worth $40,159,000 after acquiring an additional 467,948 shares during the last quarter. Sharp Financial Services LLC increased its stake in iShares Gold Trust by 13.9% in the 4th quarter. Sharp Financial Services LLC now owns 21,938 shares of the exchange traded fund’s stock worth $1,086,000 after acquiring an additional 2,669 shares during the last quarter. Evolution Wealth Advisors LLC increased its stake in iShares Gold Trust by 69.1% in the 4th quarter. Evolution Wealth Advisors LLC now owns 7,085 shares of the exchange traded fund’s stock worth $351,000 after acquiring an additional 2,895 shares during the last quarter. Dakota Wealth Management increased its stake in iShares Gold Trust by 1.4% in the 4th quarter. Dakota Wealth Management now owns 326,120 shares of the exchange traded fund’s stock worth $16,146,000 after acquiring an additional 4,580 shares during the last quarter. Finally, Braun Bostich & Associates Inc. bought a new position in iShares Gold Trust in the 4th quarter worth about $917,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.5 %

IAU opened at $52.03 on Thursday. The stock has a 50-day moving average price of $49.95 and a 200-day moving average price of $48.86. iShares Gold Trust has a 12-month low of $37.53 and a 12-month high of $52.69.

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.