Copia Wealth Management Sells 1,211 Shares of iShares Gold Trust $IAU

Copia Wealth Management trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 15.5% during the second quarter, HoldingsChannel reports. The fund owned 6,608 shares of the exchange traded fund’s stock after selling 1,211 shares during the quarter. Copia Wealth Management’s holdings in iShares Gold Trust were worth $412,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IAU. Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $1,036,264,000 after purchasing an additional 6,797,066 shares during the last quarter. LPL Financial LLC boosted its stake in shares of 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 last quarter. Mainstay Capital Management LLC ADV boosted its stake in shares of iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after purchasing an additional 1,318,237 shares during the last quarter. Erste Asset Management GmbH bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at $68,629,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of iShares Gold Trust by 1,357.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after purchasing an additional 913,987 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $78.03 on Wednesday. The firm’s fifty day moving average is $68.29 and its 200-day moving average is $64.30. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $78.29. The firm has a market cap of $64.49 billion, a P/E 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.