iShares Gold Trust $IAU Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 151,425 shares of the exchange traded fund’s stock after selling 8,627 shares during the quarter. iShares Gold Trust accounts for approximately 0.9% of JNBA Financial Advisors’ portfolio, making the stock its 24th largest holding. JNBA Financial Advisors’ holdings in iShares Gold Trust were worth $9,443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Place Financial Advisors LLC grew its position in iShares Gold Trust by 2.8% during the second quarter. Summit Place Financial Advisors LLC now owns 106,140 shares of the exchange traded fund’s stock worth $6,619,000 after buying an additional 2,930 shares during the period. Eastern Bank grew its position in iShares Gold Trust by 9.8% during the second quarter. Eastern Bank now owns 35,054 shares of the exchange traded fund’s stock worth $2,186,000 after buying an additional 3,139 shares during the period. Strengthening Families & Communities LLC grew its position in iShares Gold Trust by 754.4% during the second quarter. Strengthening Families & Communities LLC now owns 62,372 shares of the exchange traded fund’s stock worth $3,677,000 after buying an additional 55,072 shares during the period. Fourpath Capital Management LLC grew its position in iShares Gold Trust by 1.2% during the second quarter. Fourpath Capital Management LLC now owns 544,710 shares of the exchange traded fund’s stock worth $33,968,000 after buying an additional 6,651 shares during the period. Finally, Certus Wealth Management LLC grew its position in iShares Gold Trust by 12.9% during the second quarter. Certus Wealth Management LLC now owns 21,091 shares of the exchange traded fund’s stock worth $1,315,000 after buying an additional 2,407 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.0%

Shares of IAU opened at $75.58 on Friday. The firm’s 50-day moving average is $67.72 and its two-hundred day moving average is $63.97. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $76.49. The firm has a market capitalization of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.