Perigon Wealth Management LLC Cuts Holdings in iShares Gold Trust $IAU

Perigon Wealth Management LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 331,454 shares of the exchange traded fund’s stock after selling 8,888 shares during the period. Perigon Wealth Management LLC’s holdings in iShares Gold Trust were worth $20,669,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares Gold Trust by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after buying an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC raised its stake in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after buying an additional 616,559 shares in the last quarter. Finally, WealthNavi Inc. raised its stake in shares of iShares Gold Trust by 2.1% during the 1st quarter. WealthNavi Inc. now owns 6,049,600 shares of the exchange traded fund’s stock worth $356,684,000 after buying an additional 125,599 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.9%

Shares of IAU stock opened at $70.29 on Thursday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $71.40. The company has a market cap of $53.85 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a 50 day simple moving average of $65.24 and a 200-day simple moving average of $62.56.

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.