iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Decreased by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 345,741 shares of the exchange traded fund’s stock after selling 281 shares during the quarter. iShares Gold Trust comprises about 5.8% of Sterling Financial Planning Inc.’s portfolio, making the stock its 3rd largest holding. Sterling Financial Planning Inc.’s holdings in iShares Gold Trust were worth $13,494,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its holdings in iShares Gold Trust by 413,629.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 28,998,294 shares of the exchange traded fund’s stock valued at $1,003,051,000 after purchasing an additional 28,991,285 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Gold Trust by 58.9% in the third quarter. JPMorgan Chase & Co. now owns 10,294,050 shares of the exchange traded fund’s stock valued at $360,189,000 after buying an additional 3,815,686 shares in the last quarter. Packer & Co Ltd purchased a new stake in shares of iShares Gold Trust in the third quarter valued at approximately $125,443,000. WealthNavi Inc. grew its holdings in iShares Gold Trust by 68.4% during the third quarter. WealthNavi Inc. now owns 3,909,316 shares of the exchange traded fund’s stock worth $136,787,000 after acquiring an additional 1,588,425 shares during the period. Finally, First Command Advisory Services Inc. purchased a new position in iShares Gold Trust in the third quarter worth $50,473,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU traded up $0.15 during trading on Thursday, hitting $45.01. 8,013,027 shares of the company were exchanged, compared to its average volume of 6,804,511. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98. The firm’s fifty day moving average price is $40.90 and its 200 day moving average price is $38.85.

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.