Transcend Capital Advisors LLC Cuts Holdings in iShares Gold Trust $IAU

Transcend Capital Advisors LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,311 shares of the exchange traded fund’s stock after selling 206 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares Gold Trust were worth $1,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in IAU. Diversified Enterprises LLC raised its position in 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 valued at $230,000 after purchasing an additional 163 shares during the period. Red Mountain Financial LLC raised its position in iShares Gold Trust by 0.4% in the second 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 period. Alpha Cubed Investments LLC increased its position in shares of iShares Gold Trust by 4.0% during the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 168 shares during the last quarter. New Hampshire Trust increased its position in shares of iShares Gold Trust by 4.2% during the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after acquiring an additional 171 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC increased its position in shares of iShares Gold Trust by 1.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 173 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $75.15 on Tuesday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The firm has a market cap of $62.21 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The stock’s 50-day simple moving average is $71.03 and its 200-day simple moving average is $65.65.

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.