Phillips Financial Management LLC Has $444,000 Position in iShares Gold Trust (IAU)

Phillips Financial Management LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 55.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,041 shares of the exchange traded fund’s stock after purchasing an additional 12,827 shares during the period. Phillips Financial Management LLC’s holdings in iShares Gold Trust were worth $444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Financial Counselors Inc. lifted its stake in shares of iShares Gold Trust by 0.3% during the second quarter. Financial Counselors Inc. now owns 25,420 shares of the exchange traded fund’s stock valued at $304,000 after buying an additional 70 shares during the period. Advisory Services Network LLC raised its stake in iShares Gold Trust by 1.4% during the second quarter. Advisory Services Network LLC now owns 9,759 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 134 shares during the period. Lincoln National Corp raised its stake in iShares Gold Trust by 0.7% during the second quarter. Lincoln National Corp now owns 34,275 shares of the exchange traded fund’s stock worth $410,000 after purchasing an additional 242 shares during the period. IFC Holdings Incorporated FL raised its stake in iShares Gold Trust by 3.9% during the second quarter. IFC Holdings Incorporated FL now owns 15,241 shares of the exchange traded fund’s stock worth $182,000 after purchasing an additional 572 shares during the period. Finally, Pinnacle Financial Partners Inc. raised its stake in iShares Gold Trust by 5.8% during the second quarter. Pinnacle Financial Partners Inc. now owns 10,959 shares of the exchange traded fund’s stock worth $131,000 after purchasing an additional 600 shares during the period.

iShares Gold Trust (NYSEARCA:IAU) traded down $0.17 on Thursday, reaching $11.98. 7,430,000 shares of the company were exchanged, compared to its average volume of 8,370,317. iShares Gold Trust has a 1-year low of $10.81 and a 1-year high of $12.98.

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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.

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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