iShares Gold Trust $IAU Position Lifted by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.7% during the 2nd quarter, Holdings Channel reports. The fund owned 41,870 shares of the exchange traded fund’s stock after purchasing an additional 1,106 shares during the period. iShares Gold Trust makes up approximately 2.0% of Ipsen Advisor Group LLC’s portfolio, making the stock its 12th largest holding. Ipsen Advisor Group LLC’s holdings in iShares Gold Trust were worth $2,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. LPL Financial LLC boosted its position in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares in the last quarter. WealthNavi Inc. raised its stake in iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after purchasing an additional 521,530 shares during the period. Ameriprise Financial Inc. lifted its stake 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 worth $381,929,000 after acquiring an additional 616,559 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after purchasing an additional 692,844 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares Gold Trust by 9.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,718,436 shares of the exchange traded fund’s stock valued at $278,199,000 after acquiring an additional 414,584 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $74.97 on Friday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The firm’s 50 day moving average price is $72.87 and its 200 day moving average price is $66.37. The firm has a market cap of $61.78 billion, a PE ratio of 5.53 and a beta of 0.09.

About iShares Gold Trust

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.