WealthPlan Investment Management LLC Cuts Stock Holdings in iShares Gold Trust $IAU

WealthPlan Investment Management LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 80.9% during the third quarter, Holdings Channel reports. The institutional investor owned 4,935 shares of the exchange traded fund’s stock after selling 20,879 shares during the quarter. WealthPlan Investment Management LLC’s holdings in iShares Gold Trust were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of IAU. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the 2nd quarter worth approximately $25,000. MTM Investment Management LLC purchased a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $25,000. Private Wealth Management Group LLC grew its holdings in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the last quarter. Key Financial Inc purchased a new position in shares of iShares Gold Trust in the second quarter worth $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of iShares Gold Trust in the third quarter worth $29,000. Institutional investors own 59.67% of the company’s stock.

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iShares Gold Trust Stock Up 1.0%

NYSEARCA:IAU opened at $87.23 on Thursday. The firm has a market capitalization of $73.25 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a fifty day moving average of $80.59 and a 200 day moving average of $72.57. iShares Gold Trust has a 52 week low of $50.53 and a 52 week high of $87.43.

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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