Fullcircle Wealth LLC Cuts Stock Holdings in iShares Gold Trust $IAU

Fullcircle Wealth LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,839 shares of the exchange traded fund’s stock after selling 895 shares during the period. Fullcircle Wealth LLC’s holdings in iShares Gold Trust were worth $308,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IAU. Keener Financial Planning LLC purchased a new position in iShares Gold Trust during the 2nd quarter valued at about $25,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC grew its position in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares during the last quarter. Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. Finally, VSM Wealth Advisory LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $39,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.8%

Shares of iShares Gold Trust stock opened at $74.21 on Wednesday. The firm’s 50 day moving average price is $72.44 and its 200-day moving average price is $66.25. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55. The company has a market cap of $61.20 billion, a P/E 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.