iShares Gold Trust $IAU Shares Sold by Stone House Investment Management LLC

Stone House Investment Management LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 16.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,098 shares of the exchange traded fund’s stock after selling 17,680 shares during the period. iShares Gold Trust makes up about 1.0% of Stone House Investment Management LLC’s portfolio, making the stock its 23rd biggest position. Stone House Investment Management LLC’s holdings in iShares Gold Trust were worth $5,618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in IAU. LPL Financial LLC increased its position in shares of 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 acquiring an additional 2,552,405 shares during the period. WealthNavi Inc. grew 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 last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares Gold Trust by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares during the period. Truist Financial Corp raised its stake in shares of iShares Gold Trust by 14.4% in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Gold Trust by 9.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,718,436 shares of the exchange traded fund’s stock worth $278,199,000 after purchasing an additional 414,584 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.1%

Shares of NYSEARCA IAU opened at $75.05 on Thursday. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55. The business’s 50 day moving average price is $72.66 and its 200 day moving average price is $66.31. The firm has a market cap of $61.85 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.