iShares Gold Trust $IAU Holdings Cut by Keystone Financial Services

Keystone Financial Services reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,965 shares of the exchange traded fund’s stock after selling 15,578 shares during the period. iShares Gold Trust accounts for 0.9% of Keystone Financial Services’ investment portfolio, making the stock its 20th biggest holding. Keystone Financial Services’ holdings in iShares Gold Trust were worth $2,679,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of IAU. Keener Financial Planning LLC purchased a new position in iShares Gold Trust in the second quarter valued at about $25,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC grew its stake in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares in the last quarter. Key Financial Inc acquired a new position in iShares Gold Trust in the second quarter worth approximately $28,000. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the first quarter valued at approximately $29,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.6%

NYSEARCA IAU opened at $75.43 on Friday. The stock has a market capitalization of $62.16 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The company has a 50 day moving average price of $73.08 and a two-hundred day moving average price of $66.44.

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.