Phillips Financial Management LLC Has $877,000 Holdings in iShares Gold Trust (NYSEARCA:IAU)

Phillips Financial Management LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 17,649 shares of the exchange traded fund’s stock after selling 620 shares during the period. Phillips Financial Management LLC’s holdings in iShares Gold Trust were worth $877,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of IAU. TCP Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 3.0% in the 3rd quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock worth $332,000 after buying an additional 195 shares during the last quarter. Baker Avenue Asset Management LP raised its position in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 215 shares during the period. Howard Financial Services LTD. grew its position in shares of iShares Gold Trust by 2.9% during the 3rd quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock valued at $386,000 after acquiring an additional 220 shares during the period. Avaii Wealth Management LLC grew its holdings in iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock valued at $736,000 after purchasing an additional 249 shares during the period. Finally, EP Wealth Advisors LLC raised its stake in shares of iShares Gold Trust by 1.4% in the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after buying an additional 262 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 0.2 %

IAU stock opened at $48.37 on Monday. The stock has a fifty day moving average of $50.08 and a 200-day moving average of $46.92. iShares Gold Trust has a fifty-two week low of $37.21 and a fifty-two week high of $52.69.

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.