SRS Capital Advisors Inc. Has $3.40 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

SRS Capital Advisors Inc. reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,496 shares of the exchange traded fund’s stock after selling 5,703 shares during the period. SRS Capital Advisors Inc.’s holdings in iShares Gold Trust were worth $3,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. 1832 Asset Management L.P. bought a new stake in iShares Gold Trust during the first quarter worth $30,021,000. Cetera Investment Advisers lifted its stake in shares of iShares Gold Trust by 545.9% in the 1st quarter. Cetera Investment Advisers now owns 694,118 shares of the exchange traded fund’s stock valued at $29,160,000 after purchasing an additional 586,652 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after buying an additional 581,671 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in shares of iShares Gold Trust during the 1st quarter worth about $24,048,000. Finally, Wells Fargo & Company MN grew its stake in iShares Gold Trust by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 11,592,328 shares of the exchange traded fund’s stock valued at $452,449,000 after acquiring an additional 463,281 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.8 %

Shares of NYSEARCA IAU traded down $0.36 during mid-day trading on Friday, reaching $47.15. 5,270,668 shares of the company’s stock traded hands, compared to its average volume of 6,154,335. The business has a 50-day simple moving average of $46.08 and a 200 day simple moving average of $44.05. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $47.83.

iShares Gold Trust Company 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.