LGT Financial Advisors LLC Cuts Stake in iShares Gold Trust $IAU

LGT Financial Advisors LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,387 shares of the exchange traded fund’s stock after selling 353 shares during the quarter. LGT Financial Advisors LLC’s holdings in iShares Gold Trust were worth $149,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Diversified Enterprises LLC lifted its stake in shares of iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after buying an additional 163 shares in the last quarter. Red Mountain Financial LLC boosted its stake in iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after purchasing an additional 165 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 168 shares during the last quarter. Mosaic Family Wealth Partners LLC increased its holdings in shares of iShares Gold Trust by 1.5% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 173 shares in the last quarter. Finally, Quattro Financial Advisors LLC raised its stake in shares of iShares Gold Trust by 4.7% in the first quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 183 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $82.50 on Tuesday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The company has a market cap of $68.61 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock’s fifty day moving average price is $69.64 and its 200-day moving average price is $64.95.

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.