RFG Bristol Wealth Advisors LLC Sells 31,502 Shares of iShares Gold Trust $IAU

RFG Bristol Wealth Advisors LLC cut its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 48.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 33,417 shares of the exchange traded fund’s stock after selling 31,502 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $2,432,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. increased its position in iShares Gold Trust by 809.1% in the second quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after purchasing an additional 4,546,835 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Gold Trust by 67.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock worth $680,947,000 after buying an additional 4,398,605 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of iShares Gold Trust by 2,152.7% in the 2nd quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock worth $217,892,000 after buying an additional 3,339,000 shares during the last quarter. PFG Advisors raised its position in shares of iShares Gold Trust by 4,797.3% during the 2nd quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock valued at $89,323,000 after buying an additional 1,403,121 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV lifted its holdings in shares of iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after acquiring an additional 1,318,237 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 2.6%

IAU opened at $83.71 on Tuesday. The stock has a 50-day moving average of $79.13 and a 200 day moving average of $71.53. iShares Gold Trust has a 12 month low of $49.51 and a 12 month high of $85.68. The firm has a market cap of $70.52 billion, a P/E ratio of 5.53 and a beta of 0.09.

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About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

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:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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