Kingswood Wealth Advisors LLC Has $1.38 Million Stock Holdings in iShares Gold Trust $IAU

Kingswood Wealth Advisors LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 75.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,200 shares of the exchange traded fund’s stock after selling 68,583 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,384,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of iShares Gold Trust by 17.6% during the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 245 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Gold Trust during the first quarter worth $267,000. McAdam LLC raised its holdings in shares of iShares Gold Trust by 4.6% during the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after acquiring an additional 341 shares during the period. Summit Financial LLC raised its holdings in shares of iShares Gold Trust by 232.6% during the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after acquiring an additional 195,640 shares during the period. Finally, Euro Pacific Asset Management LLC raised its holdings in shares of iShares Gold Trust by 36.9% during the second quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 2,441 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 0.5%

iShares Gold Trust stock opened at $75.01 on Wednesday. The company has a market cap of $61.56 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $75.20. The company has a fifty day simple moving average of $66.93 and a 200 day simple moving average of $63.63.

iShares Gold Trust Company 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.