Pekin Hardy Strauss Inc. Has $3.93 Million Stake in iShares Gold Trust (NYSEARCA:IAU)

Pekin Hardy Strauss Inc. cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,698 shares of the exchange traded fund’s stock after selling 1,150 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in iShares Gold Trust were worth $3,930,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. increased its position in iShares Gold Trust by 2.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 11,390 shares of the exchange traded fund’s stock valued at $445,000 after purchasing an additional 262 shares during the period. Ieq Capital LLC lifted its holdings in iShares Gold Trust by 0.7% in the third quarter. Ieq Capital LLC now owns 41,123 shares of the exchange traded fund’s stock valued at $1,439,000 after buying an additional 266 shares during the period. Asset Dedication LLC boosted its position in iShares Gold Trust by 2.5% during the third quarter. Asset Dedication LLC now owns 11,334 shares of the exchange traded fund’s stock valued at $396,000 after acquiring an additional 278 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in iShares Gold Trust by 10.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 3,050 shares of the exchange traded fund’s stock worth $119,000 after acquiring an additional 282 shares during the period. Finally, First Financial Corp IN raised its position in shares of iShares Gold Trust by 19.9% in the 4th quarter. First Financial Corp IN now owns 1,715 shares of the exchange traded fund’s stock worth $67,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.9 %

Shares of iShares Gold Trust stock traded down $0.86 on Tuesday, hitting $43.30. 9,119,371 shares of the company’s stock traded hands, compared to its average volume of 6,901,484. iShares Gold Trust has a one year low of $34.35 and a one year high of $45.98. The company has a fifty day moving average of $41.91 and a two-hundred day moving average of $39.41.

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.