iShares Gold Trust (NYSEARCA:IAU) is waypoint wealth counsel’s 10th Largest Position

waypoint wealth counsel reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,874 shares of the exchange traded fund’s stock after selling 225 shares during the quarter. iShares Gold Trust comprises 2.6% of waypoint wealth counsel’s investment portfolio, making the stock its 10th biggest position. waypoint wealth counsel’s holdings in iShares Gold Trust were worth $3,920,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Regency Capital Management Inc. DE lifted its stake in iShares Gold Trust by 39.2% in the 3rd quarter. Regency Capital Management Inc. DE now owns 164,010 shares of the exchange traded fund’s stock worth $8,151,000 after purchasing an additional 46,190 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of iShares Gold Trust by 16.5% in the 3rd quarter. Park Avenue Securities LLC now owns 10,286 shares of the exchange traded fund’s stock valued at $511,000 after purchasing an additional 1,459 shares in the last quarter. Wiser Wealth Management Inc purchased a new stake in iShares Gold Trust during the third quarter valued at about $203,000. Farmers Trust Co. boosted its holdings in iShares Gold Trust by 17.8% during the 3rd quarter. Farmers Trust Co. now owns 9,246 shares of the exchange traded fund’s stock valued at $460,000 after acquiring an additional 1,400 shares during the period. Finally, Unique Wealth LLC bought a new position in shares of iShares Gold Trust in the third quarter worth approximately $226,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock traded down $0.12 during mid-day trading on Friday, reaching $50.08. The stock had a trading volume of 8,655,846 shares, compared to its average volume of 6,058,156. iShares Gold Trust has a 52-week low of $34.35 and a 52-week high of $50.57. The stock’s 50-day moving average price is $47.69 and its two-hundred day moving average price is $45.40.

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.