Phoenix Wealth Advisors Sells 1,498 Shares of iShares Gold Trust $IAU

Phoenix Wealth Advisors lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 12.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,993 shares of the exchange traded fund’s stock after selling 1,498 shares during the quarter. Phoenix Wealth Advisors’ holdings in iShares Gold Trust were worth $648,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in iShares Gold Trust in the first quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the first quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust in the fourth quarter worth about $28,000. Dunhill Financial LLC increased its holdings in shares of iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust in the first quarter worth about $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $63.58 on Friday. The company has a market capitalization of $48.71 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $46.72 and a 1 year high of $65.00. The business has a 50-day moving average of $63.11 and a two-hundred day moving average of $60.53.

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.