Bright Financial Advisors Inc. Sells 426 Shares of iShares Gold Trust (NYSEARCA:IAU)

Bright Financial Advisors Inc. trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,286 shares of the exchange traded fund’s stock after selling 426 shares during the quarter. iShares Gold Trust accounts for approximately 0.6% of Bright Financial Advisors Inc.’s investment portfolio, making the stock its 25th largest holding. Bright Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archer Investment Corp lifted its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the last quarter. Financial Life Planners bought a new stake in shares of iShares Gold Trust during the fourth quarter worth $33,000. Valued Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 65.7% in the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares in the last quarter. Independence Bank of Kentucky bought a new stake in shares of iShares Gold Trust in the fourth quarter valued at about $52,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of iShares Gold Trust by 127.0% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,135 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 635 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $53.89 on Friday. The business has a 50-day moving average price of $50.63 and a 200 day moving average price of $49.38. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $54.40.

iShares Gold Trust 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.