Capital Asset Advisory Services LLC Sells 23,316 Shares of iShares Gold Trust $IAU

Capital Asset Advisory Services LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 924,226 shares of the exchange traded fund’s stock after selling 23,316 shares during the period. iShares Gold Trust comprises approximately 2.7% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 8th biggest holding. Capital Asset Advisory Services LLC’s holdings in iShares Gold Trust were worth $58,152,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IAU. Envestnet Asset Management Inc. grew its holdings in iShares Gold Trust by 63.1% in the first 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 during the last quarter. LPL Financial LLC lifted its position in shares of iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after acquiring an additional 2,552,405 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in shares of iShares Gold Trust in the first quarter valued at $68,629,000. Charles Schwab Investment Management Inc. lifted its position in shares of iShares Gold Trust by 1,357.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after acquiring an additional 913,987 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of iShares Gold Trust by 101.4% in the first quarter. Park Avenue Securities LLC now owns 1,374,967 shares of the exchange traded fund’s stock valued at $81,068,000 after acquiring an additional 692,113 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.2%

Shares of NYSEARCA:IAU opened at $68.68 on Friday. iShares Gold Trust has a 52-week low of $48.11 and a 52-week high of $69.26. The stock’s fifty day simple moving average is $64.13 and its 200-day simple moving average is $61.78. The company has a market capitalization of $52.62 billion, a P/E 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.