iShares Gold Trust $IAU Shares Sold by Ackerman Capital Advisors LLC

Ackerman Capital Advisors LLC lessened its position in iShares Gold Trust (NYSEARCA:IAU) by 5.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 105,767 shares of the exchange traded fund’s stock after selling 6,023 shares during the period. iShares Gold Trust comprises about 1.5% of Ackerman Capital Advisors LLC’s holdings, making the stock its 17th biggest position. Ackerman Capital Advisors LLC’s holdings in iShares Gold Trust were worth $6,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of iShares Gold Trust by 1.9% in the first 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 purchasing an additional 339,286 shares during the period. Envestnet Asset Management Inc. grew its position in iShares Gold Trust by 63.1% in 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 buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC increased 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 worth $659,340,000 after acquiring an additional 2,552,405 shares in the last quarter. WealthNavi Inc. lifted its position in shares of iShares Gold Trust by 8.6% in the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after purchasing an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares Gold Trust by 10.5% during the first 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 in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0%

Shares of IAU stock opened at $75.58 on Friday. The business’s 50 day moving average is $67.72 and its two-hundred day moving average is $64.02. The company has a market cap of $62.36 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $76.49.

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.