iShares Gold Trust $IAU Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 10.0% during the 3rd quarter, Holdings Channel reports. The fund owned 832,256 shares of the exchange traded fund’s stock after selling 91,970 shares during the quarter. iShares Gold Trust makes up approximately 2.6% of Capital Asset Advisory Services LLC’s portfolio, making the stock its 8th biggest position. Capital Asset Advisory Services LLC’s holdings in iShares Gold Trust were worth $60,563,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in iShares Gold Trust in the second quarter worth $25,000. MTM Investment Management LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at about $25,000. Private Wealth Management Group LLC lifted its position in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares in the last quarter. Key Financial Inc acquired a new position in iShares Gold Trust during the 2nd quarter worth about $28,000. Finally, Traub Capital Management LLC bought a new stake in iShares Gold Trust during the 2nd quarter worth about $31,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.1%

IAU opened at $81.08 on Tuesday. iShares Gold Trust has a 1-year low of $48.83 and a 1-year high of $82.55. The stock has a market capitalization of $66.82 billion, a PE ratio of 5.53 and a beta of 0.09. The firm has a 50-day moving average price of $77.63 and a two-hundred day moving average price of $69.49.

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.