iShares Gold Trust $IAU Shares Acquired by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,598 shares of the exchange traded fund’s stock after purchasing an additional 219 shares during the period. Galvin Gaustad & Stein LLC’s holdings in iShares Gold Trust were worth $474,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in iShares Gold Trust by 1.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after acquiring an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares during the last quarter. 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. WealthNavi Inc. grew its position in shares of iShares Gold Trust by 8.6% during the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after acquiring an additional 521,530 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after acquiring an additional 616,559 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $74.83 on Friday. The company has a 50-day simple moving average of $67.48 and a 200-day simple moving average of $63.84. The firm has a market capitalization of $61.74 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $48.29 and a one year high of $76.49.

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.