Avior Wealth Management LLC Lowers Stake in iShares Gold Trust $IAU

Avior Wealth Management LLC lessened its stake in iShares Gold Trust (NYSEARCA:IAU) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,320 shares of the exchange traded fund’s stock after selling 662 shares during the period. Avior Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,138,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust in the first quarter worth approximately $27,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust in the 1st quarter worth $27,000. Dunhill Financial LLC grew its position in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust during the first quarter valued at $29,000. Finally, North Capital Inc. bought a new stake in shares of iShares Gold Trust in the first quarter valued at about $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $70.99 on Monday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $71.40. The firm’s 50-day moving average is $65.55 and its two-hundred day moving average is $62.88. The stock has a market cap of $54.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.