Silvia Mccoll Wealth Management LLC Reduces Stock Position in iShares Gold Trust $IAU

Silvia Mccoll Wealth Management LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,042 shares of the exchange traded fund’s stock after selling 699 shares during the quarter. Silvia Mccoll Wealth Management LLC’s holdings in iShares Gold Trust were worth $1,063,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares Gold Trust by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after acquiring an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 63.1% during the 1st 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 acquiring an additional 6,797,066 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Gold Trust by 29.6% during the 1st 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 during the last quarter. WealthNavi Inc. boosted its holdings in shares of iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after acquiring an additional 521,530 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after acquiring an additional 616,559 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8%

Shares of NYSEARCA:IAU opened at $73.22 on Friday. The firm’s 50 day moving average price is $66.44 and its 200-day moving average price is $63.39. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $73.43. The stock has a market capitalization of $59.82 billion, a PE ratio of 5.53 and a beta of 0.15.

About iShares Gold Trust

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.