iShares Gold Trust (NYSEARCA:IAU) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 29.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,817 shares of the exchange traded fund’s stock after selling 4,180 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in iShares Gold Trust were worth $488,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Beam Wealth Advisors Inc. boosted its holdings in shares of iShares Gold Trust by 25.4% during the third quarter. Beam Wealth Advisors Inc. now owns 16,178 shares of the exchange traded fund’s stock valued at $804,000 after acquiring an additional 3,274 shares during the period. Patten & Patten Inc. TN lifted its position in iShares Gold Trust by 5.9% in the 3rd quarter. Patten & Patten Inc. TN now owns 9,545 shares of the exchange traded fund’s stock valued at $474,000 after purchasing an additional 532 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in iShares Gold Trust during the 3rd quarter valued at about $165,000. Tyler Stone Wealth Management grew its position in iShares Gold Trust by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 9,009 shares of the exchange traded fund’s stock worth $448,000 after purchasing an additional 4,504 shares during the last quarter. Finally, Baker Avenue Asset Management LP increased its stake in shares of iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after purchasing an additional 215 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 2.3 %

Shares of NYSEARCA IAU opened at $49.51 on Tuesday. iShares Gold Trust has a 12-month low of $36.57 and a 12-month high of $52.69. The stock has a 50 day simple moving average of $49.92 and a 200-day simple moving average of $46.77.

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.