Ariston Services Group Has $7.88 Million Holdings in iShares Gold Trust $IAU

Ariston Services Group reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 21.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 126,379 shares of the exchange traded fund’s stock after selling 34,145 shares during the period. iShares Gold Trust accounts for 5.6% of Ariston Services Group’s holdings, making the stock its 5th largest holding. Ariston Services Group’s holdings in iShares Gold Trust were worth $7,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 63.1% during the 1st 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 lifted its position in iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after acquiring an additional 2,552,405 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after acquiring an additional 1,318,237 shares during the period. Erste Asset Management GmbH acquired a new position in shares of iShares Gold Trust in the first quarter valued at approximately $68,629,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of iShares Gold Trust by 1,357.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after purchasing an additional 913,987 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Down 1.9%

NYSEARCA:IAU opened at $79.63 on Friday. The stock has a market cap of $65.86 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock has a 50 day simple moving average of $69.25 and a 200 day simple moving average of $64.70. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34.

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.