Empirical Financial Services LLC d.b.a. Empirical Wealth Management Lowers Stake in iShares Gold Trust $IAU

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.7% in the second quarter, Holdings Channel.com reports. The fund owned 27,173 shares of the exchange traded fund’s stock after selling 766 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in iShares Gold Trust were worth $1,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Diversified Enterprises LLC lifted its stake in shares of iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 163 shares in the last quarter. Red Mountain Financial LLC raised its position in shares of iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after purchasing an additional 165 shares during the period. Alpha Cubed Investments LLC raised its position in shares of iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 168 shares during the period. Mosaic Family Wealth Partners LLC raised its position in shares of iShares Gold Trust by 1.5% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 173 shares during the period. Finally, Hoey Investments Inc. increased its position in iShares Gold Trust by 30.4% in the 1st quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $73.22 on Friday. The stock’s 50 day moving average price is $66.44 and its 200 day moving average price is $63.39. The stock has a market cap of $59.82 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $73.43.

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.