FDx Advisors Inc. Has $5.18 Million Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

FDx Advisors Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,698 shares of the exchange traded fund’s stock after selling 7,994 shares during the quarter. iShares Gold Trust makes up about 1.5% of FDx Advisors Inc.’s portfolio, making the stock its 19th largest holding. FDx Advisors Inc.’s holdings in iShares Gold Trust were worth $5,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in IAU. Compass Financial Services Inc acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $27,000. Archer Investment Corp increased its position in iShares Gold Trust by 813.8% during the 3rd quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $33,000. Newbridge Financial Services Group Inc. acquired a new position in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC increased its position in iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $55.44 on Friday. iShares Gold Trust has a 52-week low of $38.21 and a 52-week high of $55.60. The firm has a 50 day moving average price of $51.54 and a two-hundred day moving average price of $50.02.

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.