Forum Financial Management LP Sells 4,700 Shares of iShares Gold Trust $IAU

Forum Financial Management LP decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,897 shares of the exchange traded fund’s stock after selling 4,700 shares during the quarter. Forum Financial Management LP’s holdings in iShares Gold Trust were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Keener Financial Planning LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust in the first quarter worth $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust in the first quarter worth $27,000. Private Wealth Management Group LLC increased its holdings in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the period. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust in the first quarter worth $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $77.28 on Thursday. The stock has a market cap of $64.34 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $82.55. The firm’s fifty day moving average price is $70.21 and its 200-day moving average price is $65.13.

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.