Fifth Third Wealth Advisors LLC Cuts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Fifth Third Wealth Advisors LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,022 shares of the exchange traded fund’s stock after selling 2,362 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,093,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Redhawk Wealth Advisors Inc. grew its holdings in shares of iShares Gold Trust by 2.4% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock worth $445,000 after buying an additional 262 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew its holdings in shares of iShares Gold Trust by 2.0% during the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,853 shares of the exchange traded fund’s stock worth $541,000 after buying an additional 277 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of iShares Gold Trust by 10.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after buying an additional 282 shares in the last quarter. First Financial Corp IN grew its holdings in shares of iShares Gold Trust by 19.9% during the fourth quarter. First Financial Corp IN now owns 1,715 shares of the exchange traded fund’s stock worth $67,000 after buying an additional 285 shares in the last quarter. Finally, West Branch Capital LLC grew its holdings in shares of iShares Gold Trust by 5.7% during the fourth quarter. West Branch Capital LLC now owns 5,285 shares of the exchange traded fund’s stock worth $206,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock traded down $0.03 during trading hours on Friday, reaching $43.93. 2,406,128 shares of the company’s stock were exchanged, compared to its average volume of 6,394,542. The business has a fifty day moving average of $44.20 and a two-hundred day moving average of $41.36. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $46.08.

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.