Cetera Investment Advisers Trims Holdings in iShares Gold Trust $IAU

Cetera Investment Advisers lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 11.0% in the second quarter, Holdings Channel reports. The institutional investor owned 1,465,571 shares of the exchange traded fund’s stock after selling 181,580 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Gold Trust were worth $91,393,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IAU. LPL Financial LLC grew its holdings in 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 worth $659,340,000 after acquiring an additional 2,552,405 shares in the last quarter. PFG Advisors lifted its position in shares of iShares Gold Trust by 4,797.3% during the second quarter. PFG Advisors now owns 1,432,369 shares of the exchange traded fund’s stock worth $89,323,000 after purchasing an additional 1,403,121 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its position in shares of iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after purchasing an additional 1,318,237 shares during the last quarter. Erste Asset Management GmbH acquired a new position in iShares Gold Trust in the first quarter worth about $68,629,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in 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 valued at $57,859,000 after buying an additional 913,987 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 1.8%

Shares of NYSEARCA IAU opened at $76.98 on Friday. The stock’s 50 day moving average price is $74.20 and its two-hundred day moving average price is $67.00. iShares Gold Trust has a 52-week low of $48.32 and a 52-week high of $82.55. The stock has a market capitalization of $63.44 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.