Liberty Wealth Management LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 68.7% during the second quarter, HoldingsChannel reports. The firm owned 62,890 shares of the exchange traded fund’s stock after selling 138,039 shares during the period. Liberty Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,922,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Keener Financial Planning LLC acquired a new position in iShares Gold Trust in the second quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust in the 1st quarter worth about $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust in the 1st quarter worth about $27,000. Private Wealth Management Group LLC lifted its stake in shares of iShares Gold Trust by 290.9% in the 2nd 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. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at about $29,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
NYSEARCA IAU opened at $77.31 on Monday. The stock has a market capitalization of $64.43 billion, a P/E ratio of 5.53 and a beta of 0.15. The business has a 50 day simple moving average of $70.79 and a 200 day simple moving average of $65.53. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55.
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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