Creative Planning Sells 983 Shares of iShares Gold Trust (NYSEARCA:IAU)

Creative Planning reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% during the third quarter, HoldingsChannel reports. The firm owned 797,061 shares of the exchange traded fund’s stock after selling 983 shares during the period. Creative Planning’s holdings in iShares Gold Trust were worth $39,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Private Ocean LLC bought a new position in iShares Gold Trust during the 1st quarter valued at about $29,000. Global Trust Asset Management LLC lifted its position 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 period. 1620 Investment Advisors Inc. purchased a new stake in iShares Gold Trust in the second quarter worth approximately $31,000. Opal Wealth Advisors LLC bought a new stake in iShares Gold Trust in the 2nd quarter worth approximately $34,000. Finally, Pacifica Partners Inc. purchased a new stake in iShares Gold Trust during the 2nd quarter valued at $35,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA IAU opened at $51.37 on Friday. iShares Gold Trust has a 1-year low of $36.57 and a 1-year high of $51.41. The business’s fifty day moving average price is $48.59 and its 200-day moving average price is $45.99.

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.