Rehmann Capital Advisory Group Sells 8,365 Shares of iShares Gold Trust (NYSEARCA:IAU)

Rehmann Capital Advisory Group lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,982 shares of the exchange traded fund’s stock after selling 8,365 shares during the period. Rehmann Capital Advisory Group’s holdings in iShares Gold Trust were worth $6,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IAU. Tucker Asset Management LLC boosted its holdings in shares of iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares during the last quarter. Compass Financial Services Inc bought a new position in iShares Gold Trust in the fourth quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $28,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust during the 4th quarter worth $29,000. Finally, Financial Life Planners bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $62.64 on Wednesday. The stock has a market cap of $46.02 billion, a P/E ratio of -37.96 and a beta of 0.17. The stock’s fifty day moving average is $58.07 and its 200 day moving average is $53.53. iShares Gold Trust has a one year low of $43.05 and a one year high of $64.98.

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.