iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 62.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,893 shares of the exchange traded fund’s stock after selling 9,839 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Gold Trust were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in iShares Gold Trust by 226.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,060,223 shares of the exchange traded fund’s stock valued at $236,531,000 after purchasing an additional 4,200,989 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 58.9% during the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock worth $360,189,000 after acquiring an additional 3,815,686 shares during the period. First Command Advisory Services Inc. bought a new stake in iShares Gold Trust in the third quarter worth about $50,473,000. Axxcess Wealth Management LLC grew its position in iShares Gold Trust by 585.5% in the third quarter. Axxcess Wealth Management LLC now owns 1,107,742 shares of the exchange traded fund’s stock worth $38,760,000 after buying an additional 946,138 shares during the last quarter. Finally, TIAA Trust National Association acquired a new stake in shares of iShares Gold Trust during the third quarter worth $29,403,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.3 %

IAU traded down $0.11 during trading on Wednesday, reaching $43.65. The company had a trading volume of 6,204,476 shares, compared to its average volume of 6,956,633. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $45.98. The firm’s 50-day simple moving average is $42.54 and its 200 day simple moving average is $39.70.

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.