iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Lowered by JNBA Financial Advisors

JNBA Financial Advisors trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 165,999 shares of the exchange traded fund’s stock after selling 3,860 shares during the quarter. iShares Gold Trust accounts for about 0.8% of JNBA Financial Advisors’ portfolio, making the stock its 25th largest holding. JNBA Financial Advisors’ holdings in iShares Gold Trust were worth $8,219,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in shares of iShares Gold Trust during the 4th quarter valued at $27,000. Archer Investment Corp raised its position in shares of iShares Gold Trust by 813.8% during the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares during the period. Financial Life Planners purchased a new stake in shares of iShares Gold Trust during the fourth quarter valued at $33,000. Newbridge Financial Services Group Inc. acquired a new position in shares of iShares Gold Trust in the 4th quarter valued at $40,000. Finally, Valued Wealth Advisors LLC increased its stake in iShares Gold Trust by 65.7% in the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $54.46 on Friday. iShares Gold Trust has a 1 year low of $37.76 and a 1 year high of $55.29. The stock’s 50-day moving average price is $51.28 and its two-hundred day moving average price is $49.83.

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.