SRS Capital Advisors Inc. Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

SRS Capital Advisors Inc. decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,489 shares of the exchange traded fund’s stock after selling 2,442 shares during the period. SRS Capital Advisors Inc.’s holdings in iShares Gold Trust were worth $3,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares Gold Trust by 58.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after purchasing an additional 3,815,686 shares during the last quarter. First Command Advisory Services Inc. purchased a new stake in shares of iShares Gold Trust during the third quarter valued at about $50,473,000. Axxcess Wealth Management LLC boosted its holdings in shares of iShares Gold Trust by 585.5% in the 3rd quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock valued at $38,760,000 after buying an additional 946,138 shares in the last quarter. TIAA Trust National Association purchased a new position in shares of iShares Gold Trust in the 3rd quarter worth approximately $29,403,000. Finally, Chevy Chase Trust Holdings LLC raised its stake in shares of iShares Gold Trust by 57.8% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 1,695,861 shares of the exchange traded fund’s stock worth $66,189,000 after acquiring an additional 621,382 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU traded down $0.07 during trading on Thursday, hitting $43.62. The stock had a trading volume of 5,727,600 shares, compared to its average volume of 6,945,690. The stock has a 50 day simple moving average of $42.11 and a two-hundred day simple moving average of $39.49. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $45.98.

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.