Wealthspire Advisors LLC Decreases Stock Holdings in iShares Gold Trust $IAU

Wealthspire Advisors LLC decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,856 shares of the exchange traded fund’s stock after selling 11,674 shares during the period. Wealthspire Advisors LLC’s holdings in iShares Gold Trust were worth $4,543,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at $25,000. MTM Investment Management LLC bought a new stake in shares of iShares Gold Trust in the second quarter worth $25,000. Private Wealth Management Group LLC grew its holdings 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 worth $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc purchased a new stake in iShares Gold Trust during the second quarter valued at $28,000. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust in the first quarter valued at about $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $76.69 on Wednesday. The stock’s 50-day simple moving average is $74.52 and its two-hundred day simple moving average is $67.25. The stock has a market capitalization of $63.20 billion, a price-to-earnings 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.

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.