MFA Wealth Advisors LLC Lowers Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

MFA Wealth Advisors LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,322 shares of the exchange traded fund’s stock after selling 231 shares during the quarter. iShares Gold Trust makes up approximately 1.6% of MFA Wealth Advisors LLC’s holdings, making the stock its 20th biggest holding. MFA Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $7,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its holdings in iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of iShares Gold Trust by 0.8% in the third quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after acquiring an additional 23,058 shares in the last quarter. Truist Financial Corp lifted its stake in iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock worth $108,303,000 after acquiring an additional 1,339,100 shares during the period. Proficio Capital Partners LLC grew its holdings in iShares Gold Trust by 2.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after acquiring an additional 44,515 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 valued at $64,164,000 after purchasing an additional 581,671 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.2 %

Shares of IAU opened at $51.29 on Thursday. The company has a 50 day moving average price of $48.90 and a 200-day moving average price of $46.16. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $51.92.

iShares Gold Trust 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.