EQ Wealth Advisors LLC Reduces Holdings in iShares Gold Trust $IAU

EQ Wealth Advisors LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 13.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,068 shares of the exchange traded fund’s stock after selling 9,584 shares during the quarter. iShares Gold Trust accounts for approximately 2.6% of EQ Wealth Advisors LLC’s investment portfolio, making the stock its 12th largest position. EQ Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $3,871,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of iShares Gold Trust by 17.6% during the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 245 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth $267,000. Kingswood Wealth Advisors LLC lifted its position in shares of iShares Gold Trust by 192.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after purchasing an additional 59,706 shares during the last quarter. McAdam LLC lifted its position in shares of iShares Gold Trust by 4.6% during the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 341 shares during the last quarter. Finally, Summit Financial LLC lifted its position in shares of iShares Gold Trust by 232.6% during the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after purchasing an additional 195,640 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.8%

NYSEARCA:IAU opened at $78.03 on Wednesday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $78.29. The company has a market cap of $64.49 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a fifty day simple moving average of $68.29 and a 200-day simple moving average of $64.30.

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.