Arkansas Financial Group Inc. Sells 339 Shares of iShares Gold Trust (NYSEARCA:IAU)

Arkansas Financial Group Inc. cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 7,691 shares of the exchange traded fund’s stock after selling 339 shares during the period. Arkansas Financial Group Inc.’s holdings in iShares Gold Trust were worth $382,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Private Ocean LLC bought a new stake in shares of iShares Gold Trust during the 1st quarter worth about $29,000. Global Trust Asset Management LLC grew its holdings in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust in the second quarter valued at approximately $31,000. YHB Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the first quarter worth $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth $34,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

NYSEARCA:IAU traded down $0.12 during midday trading on Friday, reaching $50.08. The stock had a trading volume of 8,655,846 shares, compared to its average volume of 6,058,156. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $50.57. The firm’s fifty day simple moving average is $47.69 and its 200-day simple moving average is $45.36.

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.