Glass Jacobson Investment Advisors llc Sells 22,459 Shares of iShares Gold Trust $IAU

Glass Jacobson Investment Advisors llc cut its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 90.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,367 shares of the exchange traded fund’s stock after selling 22,459 shares during the quarter. Glass Jacobson Investment Advisors llc’s holdings in iShares Gold Trust were worth $148,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Sumitomo Mitsui Trust Group Inc. grew its position in iShares Gold Trust by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after purchasing an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC increased its stake in iShares Gold Trust by 29.6% during the first 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 period. WealthNavi Inc. increased its stake in iShares Gold Trust by 8.6% during the second 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 period. Finally, Ameriprise Financial Inc. raised its holdings in iShares Gold Trust by 10.5% in 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 in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.3%

Shares of IAU stock opened at $77.31 on Friday. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $82.55. The company has a market capitalization of $64.43 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock has a 50 day moving average of $70.79 and a two-hundred day moving average of $65.48.

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.