Quadrant Private Wealth Management LLC Sells 1,851 Shares of iShares Gold Trust $IAU

Quadrant Private Wealth Management LLC decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 21.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,745 shares of the exchange traded fund’s stock after selling 1,851 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in iShares Gold Trust were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust in the 2nd quarter valued at about $25,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC grew its holdings in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc acquired a new position in iShares Gold Trust during the second quarter valued at approximately $28,000. Finally, Garrison Bradford & Associates Inc. acquired a new position in iShares Gold Trust during the first quarter valued at approximately $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $75.43 on Friday. The company has a 50 day moving average price of $73.08 and a two-hundred day moving average price of $66.46. The company has a market capitalization of $62.16 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55.

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.