D L Carlson Investment Group Inc. reduced its stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,598 shares of the exchange traded fund’s stock after selling 7,798 shares during the quarter. iShares Gold Trust comprises 1.0% of D L Carlson Investment Group Inc.’s holdings, making the stock its 25th largest holding. D L Carlson Investment Group Inc.’s holdings in iShares Gold Trust were worth $5,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the stock. Citigroup Inc. lifted its position in shares of iShares Gold Trust by 809.1% in the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after purchasing an additional 4,546,835 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares Gold Trust by 67.5% in the second quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after buying an additional 4,398,605 shares during the period. Prudential Financial Inc. lifted its holdings in iShares Gold Trust by 2,152.7% in the second quarter. Prudential Financial Inc. now owns 3,494,106 shares of the exchange traded fund’s stock valued at $217,892,000 after buying an additional 3,339,000 shares during the period. PFG Advisors boosted its position in iShares Gold Trust by 4,797.3% during the second quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock valued at $89,323,000 after acquiring an additional 1,403,121 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV grew its holdings in iShares Gold Trust by 12,087.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after acquiring an additional 1,318,237 shares during the period. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Trading Up 0.5%
IAU stock opened at $79.81 on Tuesday. The firm has a market cap of $65.77 billion, a PE ratio of 5.53 and a beta of 0.09. The stock has a 50-day moving average price of $76.10 and a 200-day moving average price of $68.25. iShares Gold Trust has a 1-year low of $48.83 and a 1-year high of $82.55.
About iShares Gold Trust
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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