EverSource Wealth Advisors LLC Decreases Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

EverSource Wealth Advisors LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 651,369 shares of the exchange traded fund’s stock after selling 11,352 shares during the period. iShares Gold Trust accounts for about 1.9% of EverSource Wealth Advisors LLC’s investment portfolio, making the stock its 6th biggest position. EverSource Wealth Advisors LLC owned approximately 0.10% of iShares Gold Trust worth $30,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Private Ocean LLC bought a new position in shares of iShares Gold Trust in the 1st quarter valued at about $29,000. Pingora Partners LLC acquired a new stake in iShares Gold Trust during the 4th quarter worth $31,000. Global Trust Asset Management LLC raised its position in shares of iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust in the 2nd quarter valued at $31,000. Finally, YHB Investment Advisors Inc. bought a new position in shares of iShares Gold Trust in the 1st quarter worth $33,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 1.3 %

Shares of iShares Gold Trust stock opened at $49.52 on Friday. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $49.60. The business has a fifty day simple moving average of $46.79 and a 200 day simple moving average of $44.75.

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.