Ausdal Financial Partners Inc. Cuts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Ausdal Financial Partners Inc. decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,208 shares of the exchange traded fund’s stock after selling 2,156 shares during the period. Ausdal Financial Partners Inc.’s holdings in iShares Gold Trust were worth $3,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IAU. Compass Financial Services Inc purchased a new position in iShares Gold Trust during the fourth quarter valued at $27,000. Wintrust Investments LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at about $29,000. Financial Life Planners acquired a new stake in iShares Gold Trust in the 4th quarter worth about $33,000. Newbridge Financial Services Group Inc. purchased a new stake in iShares Gold Trust during the 4th quarter worth approximately $40,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of iShares Gold Trust by 65.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 840 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $56.99 on Wednesday. The stock has a 50 day moving average price of $54.36 and a 200 day moving average price of $51.54. iShares Gold Trust has a one year low of $41.08 and a one year high of $57.59. The stock has a market capitalization of $40.83 billion, a price-to-earnings ratio of -34.13 and a beta of 0.20.

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.