iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Laidlaw Wealth Management LLC

Laidlaw Wealth Management LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 49,645 shares of the exchange traded fund’s stock after selling 815 shares during the period. iShares Gold Trust makes up approximately 1.1% of Laidlaw Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Laidlaw Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Compass Financial Services Inc purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $27,000. Archer Investment Corp lifted its stake in shares of iShares Gold Trust by 813.8% during the 3rd 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 period. Financial Life Planners purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $33,000. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $40,000. Finally, Valued Wealth Advisors LLC increased its holdings in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $55.37 on Wednesday. The business has a fifty day simple moving average of $51.37 and a 200-day simple moving average of $49.92. iShares Gold Trust has a 52 week low of $38.21 and a 52 week high of $55.44.

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.