iShares Gold Trust $IAU Stock Position Reduced by SFE Investment Counsel

SFE Investment Counsel decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,717 shares of the exchange traded fund’s stock after selling 1,070 shares during the quarter. SFE Investment Counsel’s holdings in iShares Gold Trust were worth $606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LPL Financial LLC increased its stake in iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares during the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after buying an additional 1,318,237 shares during the period. Erste Asset Management GmbH acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at about $68,629,000. Charles Schwab Investment Management Inc. grew its position in shares of iShares Gold Trust by 1,357.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after buying an additional 913,987 shares during the last quarter. Finally, Truist Financial Corp raised its stake in iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after acquiring an additional 692,844 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 0.6%

Shares of NYSEARCA IAU opened at $75.43 on Friday. The firm’s 50-day moving average price is $73.08 and its two-hundred day moving average price is $66.46. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55. The stock has a market capitalization of $62.16 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.