Highland Financial Advisors LLC Sells 9,934 Shares of iShares Gold Trust $IAU

Highland Financial Advisors LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 123,538 shares of the exchange traded fund’s stock after selling 9,934 shares during the quarter. iShares Gold Trust comprises 2.1% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Highland Financial Advisors LLC’s holdings in iShares Gold Trust were worth $9,328,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wills Financial Group LLC lifted its stake in shares of iShares Gold Trust by 9.8% during the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after buying an additional 13,093 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares Gold Trust by 13.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock worth $67,320,000 after buying an additional 97,852 shares during the period. Hudson Oak Wealth Advisory LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $1,725,000. Merit Financial Group LLC grew its stake in iShares Gold Trust by 12.2% in the 4th quarter. Merit Financial Group LLC now owns 649,154 shares of the exchange traded fund’s stock valued at $52,692,000 after buying an additional 70,793 shares in the last quarter. Finally, West Wealth Group LLC raised its holdings in iShares Gold Trust by 8.7% during the 4th quarter. West Wealth Group LLC now owns 75,614 shares of the exchange traded fund’s stock valued at $6,138,000 after acquiring an additional 6,045 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $82.51 on Tuesday. The company has a market cap of $68.15 billion, a P/E ratio of 5.53 and a beta of 0.18. The stock’s fifty day moving average price is $78.06 and its two-hundred day moving average price is $86.24. iShares Gold Trust has a 1 year low of $62.48 and a 1 year high of $104.40.

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).