Lowe Wealth Advisors LLC trimmed its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,751 shares of the exchange traded fund’s stock after selling 5,562 shares during the period. iShares Gold Trust makes up about 4.8% of Lowe Wealth Advisors LLC’s investment portfolio, making the stock its 7th biggest position. Lowe Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $9,416,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of IAU. First Hawaiian Bank increased its stake in iShares Gold Trust by 16.0% in the second quarter. First Hawaiian Bank now owns 26,025 shares of the exchange traded fund’s stock valued at $947,000 after purchasing an additional 3,588 shares in the last quarter. WealthNavi Inc. lifted its stake in iShares Gold Trust by 164.1% in the second quarter. WealthNavi Inc. now owns 2,320,891 shares of the exchange traded fund’s stock valued at $84,457,000 after acquiring an additional 1,442,110 shares during the last quarter. Modus Advisors LLC grew its holdings in iShares Gold Trust by 5.6% during the second quarter. Modus Advisors LLC now owns 317,946 shares of the exchange traded fund’s stock worth $11,570,000 after purchasing an additional 16,931 shares during the period. Global Wealth Strategies & Associates boosted its stake in shares of iShares Gold Trust by 4.3% during the 2nd quarter. Global Wealth Strategies & Associates now owns 112,766 shares of the exchange traded fund’s stock worth $4,104,000 after acquiring an additional 4,694 shares during the period. Finally, Narus Financial Partners LLC bought a new stake in iShares Gold Trust in the 1st quarter valued at $646,000. 58.45% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
IAU opened at $36.16 on Friday. iShares Gold Trust has a 1-year low of $30.69 and a 1-year high of $39.04. The stock’s fifty day simple moving average is $36.60 and its 200 day simple moving average is $36.91.
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.
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