Sharper & Granite LLC Lowers Position in iShares Gold Trust $IAU

Sharper & Granite LLC reduced its stake in iShares Gold Trust (NYSEARCA:IAU) by 15.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,065 shares of the exchange traded fund’s stock after selling 3,855 shares during the quarter. Sharper & Granite LLC’s holdings in iShares Gold Trust were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cadinha & Co. LLC boosted its holdings in shares of iShares Gold Trust by 1.1% in the 2nd quarter. Cadinha & Co. LLC now owns 522,685 shares of the exchange traded fund’s stock worth $32,595,000 after purchasing an additional 5,509 shares in the last quarter. Bleakley Financial Group LLC lifted its position in iShares Gold Trust by 24.5% in the 2nd quarter. Bleakley Financial Group LLC now owns 25,948 shares of the exchange traded fund’s stock worth $1,618,000 after buying an additional 5,099 shares during the last quarter. Strategic Blueprint LLC boosted its stake in iShares Gold Trust by 2.4% in the second quarter. Strategic Blueprint LLC now owns 105,185 shares of the exchange traded fund’s stock worth $6,559,000 after buying an additional 2,478 shares in the last quarter. Principle Wealth Partners LLC grew its position in iShares Gold Trust by 7.8% during the second quarter. Principle Wealth Partners LLC now owns 18,557 shares of the exchange traded fund’s stock valued at $1,157,000 after acquiring an additional 1,348 shares during the last quarter. Finally, LifeWealth Investments LLC raised its stake in shares of iShares Gold Trust by 24.4% during the second quarter. LifeWealth Investments LLC now owns 116,755 shares of the exchange traded fund’s stock worth $7,281,000 after acquiring an additional 22,886 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $77.55 on Friday. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $82.55. The firm has a market cap of $64.57 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm has a 50 day moving average price of $70.50 and a 200-day moving average price of $65.27.

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.