AAFMAA Wealth Management & Trust LLC Decreases Holdings in iShares Gold Trust (NYSEARCA:IAU)

AAFMAA Wealth Management & Trust LLC lowered its holdings in iShares Gold Trust (NYSEARCA:IAU) by 58.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 31,025 shares of the exchange traded fund’s stock after selling 43,489 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in iShares Gold Trust were worth $1,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PFG Advisors increased its position in shares of iShares Gold Trust by 3.7% during the fourth quarter. PFG Advisors now owns 20,968 shares of the exchange traded fund’s stock worth $818,000 after purchasing an additional 754 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in shares of iShares Gold Trust by 203.7% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 19,533 shares of the exchange traded fund’s stock valued at $762,000 after acquiring an additional 13,101 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter worth approximately $544,000. Geneos Wealth Management Inc. grew its position 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 acquiring an additional 282 shares during the last quarter. Finally, Southland Equity Partners LLC increased its holdings in shares of iShares Gold Trust by 21.8% in the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock valued at $373,000 after acquiring an additional 1,590 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.2 %

IAU traded down $0.55 on Monday, hitting $44.60. 3,846,957 shares of the company traded hands, compared to its average volume of 6,310,341. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $46.08. The company has a 50 day moving average of $44.22 and a 200-day moving average of $41.67.

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.