iShares Gold Trust $IAU is Verity Asset Management Inc.’s 9th Largest Position

Verity Asset Management Inc. trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 18.9% during the second quarter, HoldingsChannel.com reports. The firm owned 55,329 shares of the exchange traded fund’s stock after selling 12,855 shares during the quarter. iShares Gold Trust makes up 1.6% of Verity Asset Management Inc.’s portfolio, making the stock its 9th largest position. Verity Asset Management Inc.’s holdings in iShares Gold Trust were worth $3,450,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust during the second quarter valued at about $25,000. BankPlus Trust Department purchased a new position in iShares Gold Trust during the first quarter valued at approximately $27,000. Private Wealth Management Group LLC grew its stake in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust during the 1st quarter worth approximately $29,000. Finally, Cloud Capital Management LLC purchased a new stake in iShares Gold Trust in the 1st quarter worth approximately $39,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $75.39 on Monday. The company has a fifty day moving average price of $71.99 and a 200-day moving average price of $66.07. The firm has a market capitalization of $62.17 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55.

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.