Petra Financial Advisors Inc. Sells 13,628 Shares of iShares Gold Trust (NYSEARCA:IAU)

Petra Financial Advisors Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 58.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,763 shares of the exchange traded fund’s stock after selling 13,628 shares during the quarter. Petra Financial Advisors Inc.’s holdings in iShares Gold Trust were worth $483,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrant Private Wealth Management LLC lifted its stake in iShares Gold Trust by 2.3% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 8,596 shares of the exchange traded fund’s stock valued at $426,000 after purchasing an additional 195 shares during the last quarter. TPG Advisors LLC lifted its stake in iShares Gold Trust by 0.7% in the fourth quarter. TPG Advisors LLC now owns 28,025 shares of the exchange traded fund’s stock valued at $1,388,000 after purchasing an additional 199 shares during the last quarter. Riggs Asset Managment Co. Inc. raised its holdings in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock valued at $850,000 after acquiring an additional 212 shares during the period. SeaCrest Wealth Management LLC raised its holdings in iShares Gold Trust by 2.7% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after acquiring an additional 215 shares during the period. Finally, Howard Financial Services LTD. raised its holdings in iShares Gold Trust by 3.2% during the 4th quarter. Howard Financial Services LTD. now owns 8,024 shares of the exchange traded fund’s stock valued at $397,000 after acquiring an additional 250 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $56.62 on Tuesday. The company’s fifty day simple moving average is $53.54 and its two-hundred day simple moving average is $51.12. iShares Gold Trust has a 1 year low of $40.64 and a 1 year high of $57.11. The stock has a market capitalization of $40.56 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.