IFG Advisory LLC Trims Stock Position in iShares Gold Trust $IAU

IFG Advisory LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,747 shares of the exchange traded fund’s stock after selling 4,485 shares during the quarter. IFG Advisory LLC’s holdings in iShares Gold Trust were worth $1,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Diversified Enterprises LLC increased its position in shares of iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 163 shares during the period. Red Mountain Financial LLC increased its holdings in iShares Gold Trust by 0.4% during the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after buying an additional 165 shares during the period. Alpha Cubed Investments LLC increased its holdings in iShares Gold Trust by 4.0% during the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock valued at $255,000 after buying an additional 168 shares during the period. New Hampshire Trust increased its holdings in iShares Gold Trust by 4.2% during the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after buying an additional 171 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its holdings in iShares Gold Trust by 1.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after buying an additional 173 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 0.5%

Shares of IAU stock opened at $75.39 on Friday. The firm has a market cap of $62.27 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company’s 50 day moving average is $71.99 and its 200 day moving average is $66.05. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55.

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.