TRUE Private Wealth Advisors Cuts Stake in iShares Gold Trust $IAU

TRUE Private Wealth Advisors lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,259 shares of the exchange traded fund’s stock after selling 1,456 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares Gold Trust were worth $2,323,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IAU. Diversified Enterprises LLC increased its position in iShares Gold Trust by 4.6% during the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 163 shares in the last quarter. Red Mountain Financial LLC grew its stake in shares of iShares Gold Trust by 0.4% during the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after acquiring an additional 165 shares during the last quarter. New Hampshire Trust increased its holdings in shares of iShares Gold Trust by 4.2% during the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after acquiring an additional 171 shares in the last quarter. Whittier Trust Co. increased its holdings in shares of iShares Gold Trust by 0.3% during the second quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock valued at $3,803,000 after acquiring an additional 177 shares in the last quarter. Finally, Confluence Wealth Services Inc. raised its position in shares of iShares Gold Trust by 0.4% in the 2nd quarter. Confluence Wealth Services Inc. now owns 43,721 shares of the exchange traded fund’s stock valued at $2,726,000 after purchasing an additional 191 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.9%

IAU stock opened at $77.42 on Wednesday. The stock has a market capitalization of $63.80 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55. The firm has a 50 day moving average of $74.52 and a 200 day moving average of $67.25.

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.