First Command Advisory Services Inc. Sells 69,268 Shares of iShares Gold Trust (NYSEARCA:IAU)

First Command Advisory Services Inc. decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 5.0% during the first quarter, HoldingsChannel.com reports. The firm owned 1,308,919 shares of the exchange traded fund’s stock after selling 69,268 shares during the quarter. iShares Gold Trust makes up approximately 0.7% of First Command Advisory Services Inc.’s holdings, making the stock its 13th largest holding. First Command Advisory Services Inc.’s holdings in iShares Gold Trust were worth $77,174,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Lord & Richards Wealth Management LLC purchased a new position in iShares Gold Trust in the 1st quarter worth about $72,000. Boyce & Associates Wealth Consulting Inc. raised its position in iShares Gold Trust by 4.3% in the 1st quarter. Boyce & Associates Wealth Consulting Inc. now owns 27,849 shares of the exchange traded fund’s stock worth $1,642,000 after buying an additional 1,146 shares during the last quarter. United Community Bank raised its position in iShares Gold Trust by 4.3% in the 1st quarter. United Community Bank now owns 55,846 shares of the exchange traded fund’s stock worth $3,293,000 after buying an additional 2,278 shares during the last quarter. Dakota Wealth Management raised its position in iShares Gold Trust by 1.5% in the 1st quarter. Dakota Wealth Management now owns 330,973 shares of the exchange traded fund’s stock worth $19,514,000 after buying an additional 4,853 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in iShares Gold Trust by 12.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 109,064 shares of the exchange traded fund’s stock worth $6,430,000 after buying an additional 11,863 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $63.05 on Tuesday. iShares Gold Trust has a fifty-two week low of $44.46 and a fifty-two week high of $65.00. The business has a 50-day simple moving average of $62.73 and a two-hundred day simple moving average of $58.21. The firm has a market cap of $47.63 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.