Bristlecone Advisors LLC Sells 5,656 Shares of iShares Gold Trust $IAU

Bristlecone Advisors LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 18.7% in the second quarter, Holdings Channel.com reports. The firm owned 24,597 shares of the exchange traded fund’s stock after selling 5,656 shares during the period. Bristlecone Advisors LLC’s holdings in iShares Gold Trust were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Diversified Enterprises LLC lifted its holdings in shares of iShares Gold Trust by 4.6% during the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 163 shares during the period. Red Mountain Financial LLC boosted its position in shares of 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 acquiring an additional 165 shares in the last quarter. Alpha Cubed Investments LLC boosted its position in shares of 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 acquiring an additional 168 shares in the last quarter. New Hampshire Trust boosted its position in shares of iShares Gold Trust by 4.2% during the 2nd quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after acquiring an additional 171 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC boosted its position in shares of iShares Gold Trust by 1.5% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after acquiring an additional 173 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $74.59 on Wednesday. The firm’s 50-day simple moving average is $71.27 and its 200-day simple moving average is $65.75. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The firm has a market cap of $61.75 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.