Satovsky Asset Management LLC Has $1.58 Million Holdings in iShares Gold Trust (NYSEARCA:IAU)

Satovsky Asset Management LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 4.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,842 shares of the exchange traded fund’s stock after selling 1,604 shares during the period. iShares Gold Trust accounts for approximately 0.4% of Satovsky Asset Management LLC’s portfolio, making the stock its 18th largest position. Satovsky Asset Management LLC’s holdings in iShares Gold Trust were worth $1,576,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IAU. Compass Financial Services Inc acquired a new position in iShares Gold Trust in the fourth quarter valued at $27,000. Archer Investment Corp increased its holdings in iShares Gold Trust by 813.8% in the third quarter. Archer Investment Corp now owns 594 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 529 shares in the last quarter. Financial Life Planners bought a new stake in iShares Gold Trust in the fourth quarter worth approximately $33,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC grew its position in shares of iShares Gold Trust by 65.7% during the 4th quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 333 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.1 %

NYSEARCA:IAU opened at $55.42 on Thursday. iShares Gold Trust has a twelve month low of $38.21 and a twelve month high of $55.49. The company has a fifty day moving average of $51.46 and a 200-day moving average of $49.98.

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.