Clear Investment Research LLC Sells 221 Shares of iShares Gold Trust $IAU

Clear Investment Research LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 6.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,244 shares of the exchange traded fund’s stock after selling 221 shares during the quarter. Clear Investment Research LLC’s holdings in iShares Gold Trust were worth $202,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of iShares Gold Trust by 63.1% in 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 acquiring an additional 6,797,066 shares during the last quarter. LPL Financial LLC raised its stake 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 during the last quarter. WealthNavi Inc. raised its stake 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 acquiring an additional 521,530 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares Gold Trust by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after acquiring an additional 616,559 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of iShares Gold Trust by 14.4% in the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after acquiring an additional 692,844 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 2.0%

Shares of NYSEARCA IAU opened at $75.79 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $82.55. The company has a market cap of $62.60 billion, a PE ratio of 5.53 and a beta of 0.09. The company has a 50-day moving average of $71.76 and a two-hundred day moving average of $65.91.

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.