Towerpoint Wealth LLC Has $3.31 Million Stock Position in iShares Gold Trust $IAU

Towerpoint Wealth LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,095 shares of the exchange traded fund’s stock after selling 2,650 shares during the quarter. iShares Gold Trust comprises approximately 1.5% of Towerpoint Wealth LLC’s investment portfolio, making the stock its 18th biggest holding. Towerpoint Wealth LLC’s holdings in iShares Gold Trust were worth $3,311,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IAU. Brighton Jones LLC bought a new stake in shares of iShares Gold Trust during the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC boosted its position in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the last quarter. Quantinno Capital Management LP boosted its position in iShares Gold Trust by 12.8% in the 4th quarter. Quantinno Capital Management LP now owns 22,431 shares of the exchange traded fund’s stock valued at $1,111,000 after buying an additional 2,543 shares during the last quarter. Williams Jones Wealth Management LLC. increased its stake in shares of iShares Gold Trust by 73.1% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 151,084 shares of the exchange traded fund’s stock valued at $7,480,000 after buying an additional 63,778 shares during the period. Finally, Waverly Advisors LLC raised its position in shares of iShares Gold Trust by 53.6% during the fourth quarter. Waverly Advisors LLC now owns 14,768 shares of the exchange traded fund’s stock worth $731,000 after acquiring an additional 5,154 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Up 0.2%

iShares Gold Trust stock opened at $69.54 on Wednesday. The business’s 50-day simple moving average is $64.41 and its 200 day simple moving average is $61.99. The stock has a market cap of $53.28 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12-month low of $48.11 and a 12-month high of $69.79.

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.