Arkansas Financial Group Inc. sell 339 shares of iShares Gold Trust (NYSEARCA:IAU)

Arkansas Financial Group Inc. reduced its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report ) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 7,691 shares of the exchange traded fund’s stock after selling 339 shares during the period. Holdings of Arkansas Financial Group Inc. in iShares Gold Trust were worth $382,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Private Ocean LLC bought a new stake in shares of iShares Gold Trust in the first quarter worth about $29,000. Global Trust Asset Management LLC increased its holdings in iShares Gold Trust by 250.0% during the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Gold Trust in the second quarter valued at approximately $31,000. YHB Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust in the first quarter valued at $33,000. Finally, Opal Wealth Advisors LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at $34,000. 59.67% of shares are owned by institutional investors and hedge funds.

Share performance of iShares Gold Trust

NYSEARCA:IAU traded down $0.12 during midday 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 1 year low of $34.35 and a 1 year high of $50.57. The company’s fifty-day simple moving average is $47.69, and its 200-day simple moving average is $45.36.

iShares Gold Trust Profile

(Free report)

The iShares Gold Trust (the Trust) must hold gold transferred to the Trust in exchange for shares issued by the Trust (the Shares). Each Share represents an undivided fractional 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.

See Also

Want to see what other hedge funds own IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).

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