iShares Gold Trust $IAU Shares Sold by Townsend & Associates Inc

Townsend & Associates Inc reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,108 shares of the exchange traded fund’s stock after selling 58,291 shares during the period. Townsend & Associates Inc’s holdings in iShares Gold Trust were worth $10,198,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in 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 buying an additional 245 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Gold Trust in the 1st quarter worth $267,000. McAdam LLC raised its holdings in shares of iShares Gold Trust by 4.6% during the 2nd 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 boosted its position in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after acquiring an additional 195,640 shares during the last quarter. Finally, Euro Pacific Asset Management LLC grew its holdings in shares of iShares Gold Trust by 36.9% in the second quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 2,441 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 1.9%

iShares Gold Trust stock opened at $79.63 on Monday. The company has a 50-day moving average price of $69.25 and a 200 day moving average price of $64.78. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $81.34. The stock has a market cap of $66.22 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.