Accretive Wealth Partners LLC Decreases Stock Holdings in iShares Gold Trust $IAU

Accretive Wealth Partners LLC lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,528 shares of the exchange traded fund’s stock after selling 2,023 shares during the period. iShares Gold Trust makes up about 2.2% of Accretive Wealth Partners LLC’s portfolio, making the stock its 8th largest holding. Accretive Wealth Partners LLC’s holdings in iShares Gold Trust were worth $6,705,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Keener Financial Planning LLC acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust during the 1st quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust during the 1st quarter worth $27,000. Private Wealth Management Group LLC boosted its stake in iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust in the first quarter valued at about $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.9%

IAU stock opened at $79.63 on Monday. The firm has a 50-day moving average price of $69.25 and a 200-day moving average price of $64.78. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $81.34. The stock has a market capitalization of $66.22 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.