iShares Gold Trust $IAU is Quent Capital LLC’s 8th Largest Position

Quent Capital LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 435,495 shares of the exchange traded fund’s stock after selling 10,525 shares during the quarter. iShares Gold Trust accounts for 2.6% of Quent Capital LLC’s portfolio, making the stock its 8th largest position. Quent Capital LLC’s holdings in iShares Gold Trust were worth $27,157,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in iShares Gold Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in iShares Gold Trust in the first quarter valued at $267,000. Kingswood Wealth Advisors LLC raised its holdings in iShares Gold Trust by 192.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock valued at $5,344,000 after acquiring an additional 59,706 shares in the last quarter. McAdam LLC raised its holdings in iShares Gold Trust by 4.6% in the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 341 shares in the last quarter. Finally, Summit Financial LLC raised its holdings in iShares Gold Trust by 232.6% in the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

IAU opened at $73.22 on Friday. The stock has a market capitalization of $59.82 billion, a PE ratio of 5.53 and a beta of 0.15. The firm’s fifty day moving average price is $66.44 and its 200 day moving average price is $63.35. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $73.43.

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.