Advisory Alpha LLC Lowers Stake in iShares Gold Trust $IAU

Advisory Alpha LLC reduced its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,549 shares of the exchange traded fund’s stock after selling 806 shares during the quarter. Advisory Alpha LLC’s holdings in iShares Gold Trust were worth $3,090,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealth Watch Advisors INC acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth about $643,000. Schmidt P J Investment Management Inc. raised its position in shares of iShares Gold Trust by 18.5% during the 2nd quarter. Schmidt P J Investment Management Inc. now owns 7,895 shares of the exchange traded fund’s stock worth $492,000 after purchasing an additional 1,234 shares during the last quarter. Yukon Wealth Management Inc. raised its position in shares of iShares Gold Trust by 17.0% during the 2nd quarter. Yukon Wealth Management Inc. now owns 4,468 shares of the exchange traded fund’s stock worth $279,000 after purchasing an additional 650 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its position in shares of iShares Gold Trust by 9.3% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 259,194 shares of the exchange traded fund’s stock worth $16,163,000 after purchasing an additional 22,063 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth about $360,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Down 2.8%

IAU opened at $75.15 on Tuesday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The company has a 50-day moving average price of $71.03 and a 200 day moving average price of $65.65. The company has a market cap of $62.21 billion, a PE ratio of 5.53 and a beta of 0.09.

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.