PFG Investments LLC Lowers Holdings in iShares Gold Trust $IAU

PFG Investments LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 10.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,642 shares of the exchange traded fund’s stock after selling 2,779 shares during the period. PFG Investments LLC’s holdings in iShares Gold Trust were worth $1,537,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Truist Financial Corp increased its position in shares of iShares Gold Trust by 14.4% during 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 in the last quarter. BCU Wealth Advisors LLC grew its position in iShares Gold Trust by 8.9% during the 2nd quarter. BCU Wealth Advisors LLC now owns 4,094 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 333 shares during the period. WealthNavi Inc. grew its position 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 worth $409,776,000 after purchasing an additional 521,530 shares during the period. First United Bank & Trust grew its position in iShares Gold Trust by 12.6% during the 2nd quarter. First United Bank & Trust now owns 2,142 shares of the exchange traded fund’s stock worth $134,000 after purchasing an additional 240 shares during the period. Finally, Trivium Point Advisory LLC boosted its stake in shares of iShares Gold Trust by 11.9% during the 2nd quarter. Trivium Point Advisory LLC now owns 10,850 shares of the exchange traded fund’s stock worth $677,000 after acquiring an additional 1,156 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2%

Shares of iShares Gold Trust stock opened at $72.88 on Thursday. The firm has a market capitalization of $55.84 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $73.09. The firm’s 50-day moving average price is $66.05 and its 200 day moving average price is $63.13.

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.