iShares Gold Trust (NYSEARCA:IAU) is Sterling Financial Planning Inc.’s 2nd Largest Position

Sterling Financial Planning Inc. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 314,431 shares of the exchange traded fund’s stock after selling 15,475 shares during the quarter. iShares Gold Trust makes up approximately 5.7% of Sterling Financial Planning Inc.’s investment portfolio, making the stock its 2nd largest position. Sterling Financial Planning Inc.’s holdings in iShares Gold Trust were worth $15,567,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IAU. Trilogy Capital Inc. acquired a new position in shares of iShares Gold Trust during the 3rd quarter worth $214,000. Telos Capital Management Inc. acquired a new position in iShares Gold Trust during the third quarter worth $227,000. Sequoia Financial Advisors LLC boosted its position in iShares Gold Trust by 36.9% during the third quarter. Sequoia Financial Advisors LLC now owns 11,184 shares of the exchange traded fund’s stock worth $556,000 after purchasing an additional 3,015 shares in the last quarter. Signaturefd LLC grew its holdings in iShares Gold Trust by 11.9% in the third quarter. Signaturefd LLC now owns 22,264 shares of the exchange traded fund’s stock valued at $1,107,000 after purchasing an additional 2,362 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of iShares Gold Trust in the third quarter valued at $1,565,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1 %

NYSEARCA:IAU opened at $55.42 on Thursday. iShares Gold Trust has a 52-week low of $38.21 and a 52-week high of $55.49. The stock has a fifty day simple moving average of $51.46 and a 200-day simple moving average of $49.98.

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.