Petra Financial Advisors Inc. Sells 13,628 Shares of iShares Gold Trust (NYSEARCA:IAU)

Petra Financial Advisors Inc. lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 58.3% during the fourth quarter, Holdings Channel reports. The fund owned 9,763 shares of the exchange traded fund’s stock after selling 13,628 shares during the period. Petra Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Flagship Wealth Advisors LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $55,000. Arrien Investments Inc. purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $396,000. SouthState Corp boosted its position in iShares Gold Trust by 27.1% during the fourth quarter. SouthState Corp now owns 2,534 shares of the exchange traded fund’s stock valued at $125,000 after buying an additional 541 shares during the period. Van Hulzen Asset Management LLC boosted its position in iShares Gold Trust by 1.8% during the fourth quarter. Van Hulzen Asset Management LLC now owns 243,168 shares of the exchange traded fund’s stock valued at $12,039,000 after buying an additional 4,340 shares during the period. Finally, Glenview Trust co purchased a new stake in iShares Gold Trust during the fourth quarter valued at about $559,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6 %

NYSEARCA IAU opened at $56.62 on Tuesday. The company has a 50-day simple moving average of $53.54 and a two-hundred day simple moving average of $51.12. iShares Gold Trust has a 12-month low of $40.64 and a 12-month high of $57.11. The firm has a market cap of $40.56 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20.

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.