Fortis Group Advisors LLC Trims Stake in iShares Gold Trust (NYSEARCA:IAU)

Fortis Group Advisors LLC decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 68.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,436 shares of the exchange traded fund’s stock after selling 182,818 shares during the period. Fortis Group Advisors LLC’s holdings in iShares Gold Trust were worth $4,081,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IAU. Compass Financial Services Inc purchased a new stake in iShares Gold Trust in the 4th quarter worth approximately $27,000. Archer Investment Corp boosted its holdings 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 purchased a new stake in shares of iShares Gold Trust in the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust in the fourth quarter valued at $40,000. Finally, Valued Wealth Advisors LLC lifted its position in iShares Gold Trust by 65.7% during the fourth 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 period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $54.46 on Tuesday. iShares Gold Trust has a 1 year low of $37.76 and a 1 year high of $55.29. The firm has a 50 day moving average price of $51.28 and a 200 day moving average price of $49.86.

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.