GSB Wealth Management LLC Has $580,000 Position in iShares Gold Trust (NYSEARCA:IAU)

GSB Wealth Management LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,675 shares of the exchange traded fund’s stock after selling 1,342 shares during the quarter. GSB Wealth Management LLC’s holdings in iShares Gold Trust were worth $580,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. TCP Asset Management LLC increased its holdings in iShares Gold Trust by 3.0% in the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after purchasing an additional 195 shares during the period. Howard Financial Services LTD. raised its position in shares of iShares Gold Trust by 2.9% during the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after acquiring an additional 220 shares during the last quarter. Financial Sense Advisors Inc. lifted its stake in shares of iShares Gold Trust by 0.4% in the first quarter. Financial Sense Advisors Inc. now owns 65,609 shares of the exchange traded fund’s stock worth $2,756,000 after acquiring an additional 230 shares during the period. Avaii Wealth Management LLC boosted its holdings in iShares Gold Trust by 1.7% in the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after acquiring an additional 249 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in iShares Gold Trust by 1.4% during the 1st quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 262 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $52.58 on Wednesday. The company’s 50 day moving average price is $49.28 and its 200-day moving average price is $46.38. iShares Gold Trust has a 52-week low of $36.57 and a 52-week high of $52.58.

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.