Advisory Services Network LLC Reduces Stock Position in iShares Gold Trust $IAU

Advisory Services Network LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 27.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 172,220 shares of the exchange traded fund’s stock after selling 66,201 shares during the quarter. Advisory Services Network LLC’s holdings in iShares Gold Trust were worth $10,679,000 as of its most recent SEC filing.

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

iShares Gold Trust Trading Up 0.6%

Shares of IAU opened at $80.99 on Monday. The company’s 50 day simple moving average is $77.50 and its 200-day simple moving average is $69.36. The firm has a market cap of $66.74 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $48.83 and a 12-month 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.