Empower Advisory Group LLC Sells 7,265,956 Shares of iShares Gold Trust $IAU

Empower Advisory Group LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 54.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,029,717 shares of the exchange traded fund’s stock after selling 7,265,956 shares during the period. iShares Gold Trust makes up approximately 1.1% of Empower Advisory Group LLC’s investment portfolio, making the stock its 23rd largest holding. Empower Advisory Group LLC owned 0.79% of iShares Gold Trust worth $376,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC raised its position in iShares Gold Trust by 29.6% in 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 buying an additional 2,552,405 shares during the last quarter. PFG Advisors grew its stake in shares of iShares Gold Trust by 4,797.3% during the 2nd quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock worth $89,323,000 after acquiring an additional 1,403,121 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in shares of iShares Gold Trust by 12,087.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after purchasing an additional 1,318,237 shares during the last quarter. Erste Asset Management GmbH acquired a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $68,629,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of iShares Gold Trust by 1,357.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after purchasing an additional 913,987 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 1.8%

iShares Gold Trust stock opened at $76.98 on Friday. iShares Gold Trust has a 1-year low of $48.32 and a 1-year high of $82.55. The company has a fifty day simple moving average of $74.20 and a 200 day simple moving average of $66.97. The company has a market cap of $63.44 billion, a P/E 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.