Pure Portfolios Holdings LLC Reduces Holdings in iShares Gold Trust $IAU

Pure Portfolios Holdings LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,111 shares of the exchange traded fund’s stock after selling 837 shares during the quarter. Pure Portfolios Holdings LLC’s holdings in iShares Gold Trust were worth $630,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of IAU. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Gold Trust during the first quarter worth $27,000. BankPlus Trust Department purchased a new stake in iShares Gold Trust during the 1st quarter valued at about $27,000. Dunhill Financial LLC grew its stake in iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new stake in iShares Gold Trust during the 1st quarter valued at about $29,000. Finally, North Capital Inc. purchased a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $75.01 on Wednesday. The business has a 50 day simple moving average of $66.93 and a 200-day simple moving average of $63.63. The firm has a market capitalization of $61.56 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $75.20.

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.