Klingman & Associates LLC Decreases Stock Holdings in iShares Gold Trust $IAU

Klingman & Associates LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,993 shares of the exchange traded fund’s stock after selling 873 shares during the quarter. Klingman & Associates LLC’s holdings in iShares Gold Trust were worth $436,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in IAU. Envestnet Asset Management Inc. increased its position in iShares Gold Trust by 63.1% during 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 buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC increased its position in iShares Gold Trust by 29.6% during 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 buying an additional 2,552,405 shares in the last quarter. Mainstay Capital Management LLC ADV increased its position 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 valued at $82,885,000 after buying an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH acquired a new position in iShares Gold Trust during the 1st quarter valued at about $68,629,000. Finally, Charles Schwab Investment Management Inc. increased its position in iShares Gold Trust by 1,357.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after buying an additional 913,987 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $77.38 on Wednesday. The business’s 50-day moving average is $69.93 and its 200 day moving average is $65.04. The firm has a market capitalization of $64.43 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $48.29 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.