iShares Gold Trust $IAU Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 193,151 shares of the exchange traded fund’s stock after selling 1,231 shares during the period. iShares Gold Trust accounts for approximately 1.4% of NTV Asset Management LLC’s holdings, making the stock its 11th largest position. NTV Asset Management LLC’s holdings in iShares Gold Trust were worth $12,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of iShares Gold Trust by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after purchasing an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares in the last quarter. WealthNavi Inc. raised its holdings in shares of iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after purchasing an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares Gold Trust by 10.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.8%

Shares of IAU opened at $73.22 on Friday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $73.43. The firm’s fifty day simple moving average is $66.44 and its 200-day simple moving average is $63.35. The firm has a market capitalization of $59.82 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.