iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Bright Financial Advisors Inc.

Bright Financial Advisors Inc. lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,286 shares of the exchange traded fund’s stock after selling 426 shares during the period. iShares Gold Trust accounts for about 0.6% of Bright Financial Advisors Inc.’s portfolio, making the stock its 25th biggest position. Bright Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of IAU. Quadrature Capital Ltd acquired a new position in iShares Gold Trust in the 3rd quarter worth approximately $95,801,000. JPMorgan Chase & Co. grew its stake in shares of iShares Gold Trust by 9.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after purchasing an additional 981,362 shares during the period. Park Avenue Securities LLC grew its stake in shares of iShares Gold Trust by 6,538.7% during the 4th quarter. Park Avenue Securities LLC now owns 682,854 shares of the exchange traded fund’s stock worth $33,808,000 after purchasing an additional 672,568 shares during the period. Kovitz Investment Group Partners LLC lifted its position in shares of iShares Gold Trust by 10,279.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 672,812 shares of the exchange traded fund’s stock valued at $33,128,000 after buying an additional 666,330 shares in the last quarter. Finally, Brave Asset Management Inc. purchased a new position in shares of iShares Gold Trust during the 3rd quarter valued at approximately $26,169,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $53.89 on Friday. The stock’s fifty day moving average is $50.63 and its two-hundred day moving average is $49.38. iShares Gold Trust has a fifty-two week low of $37.53 and a fifty-two week 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.