WealthShield Partners LLC Sells 4,074 Shares of iShares Gold Trust $IAU

WealthShield Partners LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 15.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,108 shares of the exchange traded fund’s stock after selling 4,074 shares during the period. WealthShield Partners LLC’s holdings in iShares Gold Trust were worth $1,441,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IAU. Diversified Enterprises LLC lifted its holdings in iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 163 shares during the period. Red Mountain Financial LLC lifted its stake in shares of iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after purchasing an additional 165 shares during the last quarter. New Hampshire Trust boosted its position in iShares Gold Trust by 4.2% during the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after purchasing an additional 171 shares in the last quarter. Whittier Trust Co. raised its holdings in iShares Gold Trust by 0.3% in the second quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock worth $3,803,000 after purchasing an additional 177 shares in the last quarter. Finally, Confluence Wealth Services Inc. lifted its position in shares of iShares Gold Trust by 0.4% during the second quarter. Confluence Wealth Services Inc. now owns 43,721 shares of the exchange traded fund’s stock valued at $2,726,000 after buying an additional 191 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $76.98 on Friday. The company’s 50-day simple moving average is $74.20 and its 200-day simple moving average is $67.00. iShares Gold Trust has a fifty-two week low of $48.32 and a fifty-two week high of $82.55. The stock has a market capitalization of $63.44 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.