Envestnet Portfolio Solutions Inc. lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 32.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,124,241 shares of the exchange traded fund’s stock after selling 538,964 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.15% of iShares Gold Trust worth $70,108,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Keener Financial Planning LLC bought a new position in iShares Gold Trust in the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust in the first quarter valued at about $27,000. BankPlus Trust Department purchased a new stake in iShares Gold Trust in the first quarter worth about $27,000. Dunhill Financial LLC grew its holdings in 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 acquiring an additional 219 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. purchased a new position in iShares Gold Trust during the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Stock Performance
NYSEARCA:IAU opened at $75.58 on Monday. The firm has a 50-day simple moving average of $67.72 and a 200-day simple moving average of $64.06. iShares Gold Trust has a one year low of $48.29 and a one year high of $76.49. The firm has a market cap of $62.47 billion, a P/E ratio of 5.53 and a beta of 0.15.
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.
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