Independent Solutions Wealth Management LLC Has $2.96 Million Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Independent Solutions Wealth Management LLC lessened its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,146 shares of the exchange traded fund’s stock after selling 2,773 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,957,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Dunhill Financial LLC lifted its position in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Tucker Asset Management LLC raised its stake in iShares Gold Trust by 106.9% during the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in iShares Gold Trust during the fourth quarter worth about $28,000. Wintrust Investments LLC bought a new position in shares of iShares Gold Trust in the fourth quarter worth about $29,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.6%

Shares of iShares Gold Trust stock opened at $62.68 on Wednesday. The firm’s 50 day moving average is $62.70 and its 200 day moving average is $56.90. The firm has a market capitalization of $46.78 billion, a PE ratio of 5.53 and a beta of 0.12. iShares Gold Trust has a 1 year low of $43.35 and a 1 year high of $65.00.

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.