Redhawk Wealth Advisors Inc. Decreases Stake in iShares Gold Trust $IAU

Redhawk Wealth Advisors Inc. lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 82.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 18,226 shares of the exchange traded fund’s stock after selling 88,154 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $1,326,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $25,000. MTM Investment Management LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $25,000. Private Wealth Management Group LLC grew its holdings in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares in the last quarter. Key Financial Inc purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at $28,000. Finally, Traub Capital Management LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.2%

NYSEARCA:IAU opened at $81.63 on Friday. The company has a market capitalization of $67.27 billion, a P/E ratio of 5.53 and a beta of 0.09. The firm has a fifty day simple moving average of $78.00 and a 200-day simple moving average of $69.79. iShares Gold Trust has a 12 month low of $48.83 and a 12 month high of $82.55.

About iShares Gold Trust

(Free Report)

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.

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