TD Private Client Wealth LLC Cuts Stock Position in iShares Gold Trust $IAU

TD Private Client Wealth LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 8.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,990 shares of the exchange traded fund’s stock after selling 2,656 shares during the period. TD Private Client Wealth LLC’s holdings in iShares Gold Trust were worth $1,745,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at $27,000. BankPlus Trust Department purchased a new stake in iShares Gold Trust during the 1st quarter worth $27,000. Dunhill Financial LLC increased its stake in iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the period. Garrison Bradford & Associates Inc. purchased a new stake in iShares Gold Trust during the 1st quarter worth $29,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in iShares Gold Trust during the 4th quarter worth $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $70.58 on Friday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $71.40. The company has a market capitalization of $54.07 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm’s fifty day moving average price is $65.39 and its 200 day moving average price is $62.67.

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.