Legend Financial Advisors Inc. Sells 8,762 Shares of iShares Gold Trust (NYSEARCA:IAU)

Legend Financial Advisors Inc. decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,453 shares of the exchange traded fund’s stock after selling 8,762 shares during the quarter. iShares Gold Trust makes up 9.4% of Legend Financial Advisors Inc.’s holdings, making the stock its 2nd biggest position. Legend Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $13,341,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of iShares Gold Trust by 0.3% during the 3rd quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock worth $1,146,335,000 after acquiring an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after purchasing an additional 142,487 shares during the last quarter. Empower Advisory Group LLC boosted its position in shares of iShares Gold Trust by 0.8% during the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock valued at $557,498,000 after buying an additional 981,362 shares in the last quarter. Finally, WealthNavi Inc. lifted its position in shares of iShares Gold Trust by 4.2% during the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after purchasing an additional 233,999 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU traded up $0.27 during trading on Tuesday, hitting $50.01. The company’s stock had a trading volume of 5,951,733 shares, compared to its average volume of 4,238,651. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week high of $52.69. The business has a 50 day moving average price of $50.04 and a two-hundred day moving average price of $48.35.

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.