Brookstone Capital Management Sells 9,077 Shares of iShares Gold Trust $IAU

Brookstone Capital Management cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 287,906 shares of the exchange traded fund’s stock after selling 9,077 shares during the period. Brookstone Capital Management’s holdings in iShares Gold Trust were worth $17,954,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IAU. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the 2nd quarter worth about $25,000. Private Wealth Management Group LLC grew its holdings in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust during the 1st quarter worth about $27,000. BankPlus Trust Department bought a new position in iShares Gold Trust during the 1st quarter worth about $27,000. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the 1st quarter worth about $29,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $77.38 on Wednesday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The firm’s 50-day moving average is $69.93 and its two-hundred day moving average is $65.04. The stock has a market cap of $64.43 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.