Walkner Condon Financial Advisors LLC Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

Walkner Condon Financial Advisors LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 42,207 shares of the exchange traded fund’s stock after selling 734 shares during the period. Walkner Condon Financial Advisors LLC’s holdings in iShares Gold Trust were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its stake in shares of iShares Gold Trust by 0.3% during the third quarter. FMR LLC now owns 23,065,092 shares of the exchange traded fund’s stock valued at $1,146,335,000 after purchasing an additional 60,784 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in iShares Gold Trust by 0.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,152,535 shares of the exchange traded fund’s stock valued at $902,181,000 after acquiring an additional 142,487 shares during the period. Empower Advisory Group LLC boosted its position in shares of iShares Gold Trust by 0.8% in the 3rd quarter. Empower Advisory Group LLC now owns 14,921,731 shares of the exchange traded fund’s stock worth $741,610,000 after purchasing an additional 111,210 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Gold Trust by 9.6% in the third quarter. JPMorgan Chase & Co. now owns 11,217,258 shares of the exchange traded fund’s stock worth $557,498,000 after acquiring an additional 981,362 shares during the last quarter. Finally, WealthNavi Inc. lifted its stake in shares of iShares Gold Trust by 4.2% in the third quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after buying an additional 233,999 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

IAU opened at $55.28 on Friday. iShares Gold Trust has a twelve month low of $37.53 and a twelve month high of $55.30. The firm has a 50 day moving average price of $51.07 and a 200-day moving average price of $49.70.

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.