iShares Gold Trust (NYSEARCA:IAU) Holdings Increased by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 120.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 23,391 shares of the exchange traded fund’s stock after acquiring an additional 12,785 shares during the period. Petra Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $1,163,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. WealthNavi Inc. grew its position in iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after buying an additional 233,999 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in iShares Gold Trust by 0.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock worth $152,207,000 after purchasing an additional 23,058 shares in the last quarter. Truist Financial Corp increased its stake in iShares Gold Trust by 118.9% in the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after purchasing an additional 1,339,100 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in iShares Gold Trust by 2.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after purchasing an additional 44,515 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.4 %

NYSEARCA IAU traded down $0.73 during trading on Thursday, reaching $51.92. 1,453,772 shares of the company’s stock were exchanged, compared to its average volume of 5,895,537. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69. The company’s fifty day simple moving average is $49.38 and its 200-day simple moving average is $46.43.

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.