Magnolia Capital Advisors LLC Sells 1,200 Shares of iShares Gold Trust $IAU

Magnolia Capital Advisors LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,968 shares of the exchange traded fund’s stock after selling 1,200 shares during the period. Magnolia Capital Advisors LLC’s holdings in iShares Gold Trust were worth $746,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IAU. Envestnet Asset Management Inc. raised its stake in shares of iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares during the last quarter. WealthNavi Inc. boosted its stake in shares of iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after purchasing an additional 521,530 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares Gold Trust by 10.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares during the last quarter. Finally, Truist Financial Corp boosted its stake in shares of 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 purchasing an additional 692,844 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.2%

Shares of NYSEARCA IAU opened at $75.54 on Tuesday. The firm’s 50-day moving average is $72.23 and its 200-day moving average is $66.17. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The firm has a market capitalization of $62.29 billion, a PE ratio of 5.53 and a beta of 0.09.

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.