J.W. Cole Advisors Inc. Cuts Holdings in iShares Gold Trust (NYSEARCA:IAU)

J.W. Cole Advisors Inc. lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,140 shares of the exchange traded fund’s stock after selling 2,137 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares Gold Trust were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Southland Equity Partners LLC lifted its position in iShares Gold Trust by 21.8% during the first quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock valued at $373,000 after purchasing an additional 1,590 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in iShares Gold Trust by 8.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock valued at $1,034,000 after buying an additional 1,830 shares during the last quarter. Concurrent Investment Advisors LLC lifted its holdings in shares of iShares Gold Trust by 5.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 436 shares during the period. Novak & Powell Financial Services Inc. purchased a new position in shares of iShares Gold Trust in the 4th quarter worth $1,536,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 13.0% in the first quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock worth $145,000 after acquiring an additional 396 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 1.0 %

iShares Gold Trust stock opened at $48.80 on Monday. The stock has a fifty day moving average of $46.42 and a 200 day moving average of $44.47. iShares Gold Trust has a one year low of $34.35 and a one year high of $48.85.

About iShares Gold Trust

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.