ONE Advisory Partners LLC Sells 1,791 Shares of iShares Gold Trust $IAU

ONE Advisory Partners LLC cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,696 shares of the exchange traded fund’s stock after selling 1,791 shares during the period. iShares Gold Trust makes up approximately 1.6% of ONE Advisory Partners LLC’s portfolio, making the stock its 20th biggest position. ONE Advisory Partners LLC’s holdings in iShares Gold Trust were worth $4,838,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. increased its position in iShares Gold Trust by 1.9% in the 1st 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 buying an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. grew its position in iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC grew its stake in iShares Gold Trust by 29.6% in the 1st 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 period. WealthNavi Inc. grew its position in 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 valued at $409,776,000 after buying an additional 521,530 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in 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 valued at $381,929,000 after purchasing an additional 616,559 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0%

Shares of NYSEARCA:IAU opened at $75.58 on Monday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $76.49. The company has a 50-day moving average price of $67.72 and a two-hundred day moving average price of $64.06. The firm has a market capitalization of $62.47 billion, a PE ratio of 5.53 and a beta of 0.15.

iShares Gold Trust 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.