iShares Gold Trust $IAU Stake Reduced by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,850 shares of the exchange traded fund’s stock after selling 7,090 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $4,480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares during the last quarter. LPL Financial LLC grew its stake in iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares during the last quarter. WealthNavi Inc. grew its stake in iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after buying an additional 521,530 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after buying an additional 616,559 shares during the last quarter. Finally, Truist Financial Corp increased its position in iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after acquiring an additional 692,844 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

IAU opened at $75.79 on Friday. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $82.55. The stock has a market cap of $62.60 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock’s 50 day moving average price is $71.76 and its 200 day moving average price is $65.91.

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.