Ascent Group LLC Sells 13,317 Shares of iShares Gold Trust $IAU

Ascent Group LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,055 shares of the exchange traded fund’s stock after selling 13,317 shares during the quarter. Ascent Group LLC’s holdings in iShares Gold Trust were worth $15,157,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares Gold Trust by 1.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after acquiring an additional 339,286 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after acquiring an additional 6,797,066 shares during the period. LPL Financial LLC boosted its position in shares of iShares Gold Trust by 29.6% in the first 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. boosted its position in shares of iShares Gold Trust by 8.6% in the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after acquiring an additional 521,530 shares during the period. Finally, Ameriprise Financial Inc. boosted its position 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 acquiring an additional 616,559 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.8%

IAU stock opened at $73.22 on Friday. The firm has a 50 day moving average of $66.44 and a 200-day moving average of $63.35. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $73.43. The firm has a market capitalization of $59.82 billion, a P/E 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.