Wescott Financial Advisory Group LLC Sells 3,450 Shares of iShares Gold Trust $IAU

Wescott Financial Advisory Group LLC trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 21.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,797 shares of the exchange traded fund’s stock after selling 3,450 shares during the quarter. Wescott Financial Advisory Group LLC’s holdings in iShares Gold Trust were worth $755,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust during the 1st quarter worth approximately $27,000. BankPlus Trust Department acquired a new stake in iShares Gold Trust during the 1st quarter worth approximately $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in iShares Gold Trust during the 4th quarter worth approximately $28,000. Dunhill Financial LLC lifted its holdings in iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. acquired a new stake in iShares Gold Trust during the 1st quarter worth approximately $29,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.4%

NYSEARCA:IAU opened at $62.90 on Friday. The stock has a market cap of $48.19 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock has a 50 day simple moving average of $63.13 and a 200 day simple moving average of $60.46. iShares Gold Trust has a 1-year low of $46.66 and a 1-year high of $65.00.

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.