Wealthcare Advisory Partners LLC Sells 16,260 Shares of iShares Gold Trust (NYSEARCA:IAU)
Wealthcare Advisory Partners LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 54.7% in the first quarter, Holdings Channel reports. The fund owned 13,490 shares of the exchange traded fund’s stock after selling 16,260 shares during the period. Wealthcare Advisory Partners LLC’s holdings in iShares Gold Trust were worth $167,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $34,000. Investors Research Corp purchased a new stake in shares of iShares Gold Trust during the 1st quarter worth approximately $35,000. Larson Financial Group LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $38,000. Financial Management Professionals Inc. lifted its position in shares of iShares Gold Trust by 89.1% during the 1st quarter. Financial Management Professionals Inc. now owns 3,396 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 1,600 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC purchased a new stake in shares of iShares Gold Trust during the 4th quarter worth approximately $52,000.
Shares of NYSEARCA:IAU traded up $0.06 during trading on Wednesday, hitting $12.75. 237,899 shares of the company were exchanged, compared to its average volume of 14,266,821. iShares Gold Trust has a 12-month low of $11.25 and a 12-month high of $12.91.
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.
Featured Story: Special Dividends
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.