iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Avestar Capital LLC

Avestar Capital LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,806 shares of the exchange traded fund’s stock after selling 3,639 shares during the quarter. Avestar Capital LLC’s holdings in iShares Gold Trust were worth $2,624,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IAU. Envestnet Asset Management Inc. increased its holdings in iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of iShares Gold Trust by 4,843.7% in the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after buying an additional 229,303 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in iShares Gold Trust by 2.1% in the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock valued at $8,992,000 after acquiring an additional 4,189 shares in the last quarter. Prospera Financial Services Inc boosted its stake in iShares Gold Trust by 18.7% during the 3rd quarter. Prospera Financial Services Inc now owns 44,531 shares of the exchange traded fund’s stock valued at $2,213,000 after acquiring an additional 7,001 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after acquiring an additional 581,671 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU opened at $49.62 on Tuesday. The company has a 50-day moving average of $50.32 and a 200-day moving average of $47.20. iShares Gold Trust has a 1-year low of $37.40 and a 1-year high of $52.69.

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.