Avalon Capital Management Decreases Stock Position in iShares Gold Trust $IAU

Avalon Capital Management trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,118 shares of the exchange traded fund’s stock after selling 2,909 shares during the quarter. Avalon Capital Management’s holdings in iShares Gold Trust were worth $2,876,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IAU. Fund Evaluation Group LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $255,000. Ibex Wealth Advisors purchased a new position in iShares Gold Trust in the second quarter worth approximately $1,109,000. Vise Technologies Inc. acquired a new position in iShares Gold Trust during the 2nd quarter worth approximately $2,447,000. Alpha Cubed Investments LLC increased its position in shares of iShares Gold Trust by 110.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 9,093 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 4,768 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of iShares Gold Trust by 12.1% in the 2nd quarter. Allworth Financial LP now owns 288,908 shares of the exchange traded fund’s stock valued at $18,016,000 after purchasing an additional 31,112 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 2.7%

iShares Gold Trust stock opened at $77.47 on Tuesday. The stock has a market cap of $63.84 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a fifty day simple moving average of $73.32 and a 200-day simple moving average of $66.60. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55.

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.