Austin Private Wealth LLC Reduces Stock Position in iShares Gold Trust $IAU

Austin Private Wealth LLC lowered its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 39.0% in the second quarter, Holdings Channel.com reports. The fund owned 9,959 shares of the exchange traded fund’s stock after selling 6,374 shares during the quarter. Austin Private Wealth LLC’s holdings in iShares Gold Trust were worth $621,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares during the period. WealthNavi Inc. lifted its holdings in shares of iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after buying an additional 521,530 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares Gold Trust by 10.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after buying an additional 616,559 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after buying an additional 692,844 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.7%

Shares of IAU stock opened at $74.59 on Wednesday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The stock has a market capitalization of $61.75 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The stock has a fifty day simple moving average of $71.27 and a two-hundred day simple moving average of $65.75.

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.