Commonwealth Equity Services LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,847,359 shares of the exchange traded fund’s stock after selling 2,232 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares Gold Trust were worth $239,921,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $25,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $27,000. Private Wealth Management Group LLC boosted its stake in shares of 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 during the period. Key Financial Inc bought a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $29,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Trading Up 1.1%
Shares of IAU stock opened at $75.05 on Thursday. The stock has a market cap of $61.85 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock has a 50 day simple moving average of $72.66 and a 200 day simple moving average of $66.31. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55.
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.
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