Tanglewood Wealth Management Inc. Has $72.06 Million Position in iShares Gold Trust $IAU

Tanglewood Wealth Management Inc. trimmed its stake in iShares Gold Trust (NYSEARCA:IAU) by 9.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,155,471 shares of the exchange traded fund’s stock after selling 116,816 shares during the quarter. iShares Gold Trust makes up about 7.1% of Tanglewood Wealth Management Inc.’s portfolio, making the stock its 5th biggest holding. Tanglewood Wealth Management Inc. owned 0.15% of iShares Gold Trust worth $72,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. grew its stake in 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 purchasing an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in 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 purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC grew its stake in 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 purchasing an additional 2,552,405 shares in the last quarter. WealthNavi Inc. grew its stake in 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 purchasing an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in 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 purchasing an additional 616,559 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Up 0.8%

IAU stock opened at $73.22 on Friday. The business has a 50 day moving average price of $66.44 and a two-hundred day moving average price of $63.35. The company has a market cap of $59.82 billion, a price-to-earnings 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 $73.43.

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.