iShares Gold Trust $IAU Shares Bought by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC grew its position in iShares Gold Trust (NYSEARCA:IAU) by 25.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,284 shares of the exchange traded fund’s stock after buying an additional 34,502 shares during the quarter. iShares Gold Trust makes up approximately 6.8% of Sage Private Wealth Group LLC’s portfolio, making the stock its 7th largest position. Sage Private Wealth Group LLC’s holdings in iShares Gold Trust were worth $10,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 worth $1,057,748,000 after buying an additional 339,286 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 worth $1,036,264,000 after buying an additional 6,797,066 shares during the period. LPL Financial LLC boosted its holdings 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 worth $659,340,000 after buying an additional 2,552,405 shares during the period. WealthNavi Inc. boosted its holdings 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 worth $409,776,000 after buying an additional 521,530 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings 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 worth $381,929,000 after buying an additional 616,559 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $81.15 on Friday. iShares Gold Trust has a one year low of $48.29 and a one year high of $81.24. The company has a 50-day moving average of $68.94 and a two-hundred day moving average of $64.55. The stock has a market cap of $67.12 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

About iShares Gold Trust

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.