MBL Wealth LLC Sells 400 Shares of iShares Gold Trust $IAU

MBL Wealth LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 11,300 shares of the exchange traded fund’s stock after selling 400 shares during the quarter. MBL Wealth LLC’s holdings in iShares Gold Trust were worth $705,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in iShares Gold Trust in the 1st quarter valued at $267,000. Kingswood Wealth Advisors LLC grew its holdings in iShares Gold Trust by 192.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock valued at $5,344,000 after buying an additional 59,706 shares in the last quarter. McAdam LLC lifted its position in shares of iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 341 shares during the period. Finally, Summit Financial LLC lifted its position in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after buying an additional 195,640 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8%

Shares of IAU stock opened at $73.22 on Friday. The company has a market cap of $59.82 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $73.43. The business has a fifty day simple moving average of $66.44 and a 200 day simple moving average of $63.39.

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.