Zhang Financial LLC Reduces Stake in iShares Gold Trust (NYSEARCA:IAU)

Zhang Financial LLC lowered its stake in iShares Gold Trust (NYSEARCA:IAU) by 10.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 653,644 shares of the exchange traded fund’s stock after selling 75,696 shares during the quarter. iShares Gold Trust makes up 2.2% of Zhang Financial LLC’s portfolio, making the stock its 11th biggest holding. Zhang Financial LLC’s holdings in iShares Gold Trust were worth $25,512,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Western Wealth Management LLC boosted its holdings in iShares Gold Trust by 49.6% in the fourth quarter. Western Wealth Management LLC now owns 23,921 shares of the exchange traded fund’s stock valued at $934,000 after acquiring an additional 7,930 shares in the last quarter. Guidance Capital Inc. lifted its position in iShares Gold Trust by 0.7% during the fourth quarter. Guidance Capital Inc. now owns 46,384 shares of the exchange traded fund’s stock valued at $1,806,000 after buying an additional 309 shares during the period. TRUE Private Wealth Advisors lifted its position in iShares Gold Trust by 1.6% during the fourth quarter. TRUE Private Wealth Advisors now owns 40,068 shares of the exchange traded fund’s stock valued at $1,564,000 after buying an additional 641 shares during the period. Macroview Investment Management LLC lifted its position in iShares Gold Trust by 4.9% during the fourth quarter. Macroview Investment Management LLC now owns 25,287 shares of the exchange traded fund’s stock valued at $987,000 after buying an additional 1,184 shares during the period. Finally, Investment Advisory Group LLC purchased a new position in iShares Gold Trust during the fourth quarter valued at $203,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock traded up $0.28 on Friday, hitting $45.28. 6,394,286 shares of the stock traded hands, compared to its average volume of 6,797,541. The business’s fifty day simple moving average is $41.04 and its 200 day simple moving average is $38.90. iShares Gold Trust has a 1 year low of $34.35 and a 1 year high of $45.98.

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.