NavPoint Financial Inc. Sells 4,450 Shares of iShares Gold Trust (NYSEARCA:IAU)

NavPoint Financial Inc. lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 69,473 shares of the exchange traded fund’s stock after selling 4,450 shares during the period. iShares Gold Trust comprises about 2.8% of NavPoint Financial Inc.’s portfolio, making the stock its 13th biggest position. NavPoint Financial Inc.’s holdings in iShares Gold Trust were worth $3,453,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IAU. Confluence Investment Management LLC increased its position in shares of iShares Gold Trust by 5.0% during the third quarter. Confluence Investment Management LLC now owns 14,370 shares of the exchange traded fund’s stock worth $714,000 after acquiring an additional 685 shares in the last quarter. Beacon Harbor Wealth Advisors Inc. boosted its stake in shares of iShares Gold Trust by 0.6% in the 3rd quarter. Beacon Harbor Wealth Advisors Inc. now owns 246,516 shares of the exchange traded fund’s stock worth $12,252,000 after buying an additional 1,444 shares during the last quarter. Trademark Financial Management LLC grew its holdings in shares of iShares Gold Trust by 4.1% in the third quarter. Trademark Financial Management LLC now owns 52,665 shares of the exchange traded fund’s stock valued at $2,617,000 after acquiring an additional 2,069 shares in the last quarter. Spinnaker Trust increased its position in shares of iShares Gold Trust by 2.4% during the third quarter. Spinnaker Trust now owns 410,064 shares of the exchange traded fund’s stock valued at $20,380,000 after acquiring an additional 9,747 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in iShares Gold Trust by 22.0% during the third quarter. Concurrent Investment Advisors LLC now owns 14,291 shares of the exchange traded fund’s stock worth $710,000 after acquiring an additional 2,577 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.7 %

Shares of iShares Gold Trust stock opened at $51.06 on Friday. The stock has a fifty day moving average price of $49.85 and a 200-day moving average price of $46.68. iShares Gold Trust has a 1 year low of $36.57 and a 1 year high of $52.69.

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.