Signature Estate & Investment Advisors LLC Sells 1,037 Shares of iShares Gold Trust $IAU

Signature Estate & Investment Advisors LLC cut its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,413 shares of the exchange traded fund’s stock after selling 1,037 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in iShares Gold Trust were worth $774,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the 2nd quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust during the 1st quarter valued at $27,000. BankPlus Trust Department bought a new position in iShares Gold Trust during the 1st quarter valued at $27,000. Private Wealth Management Group LLC lifted its stake in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares in the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the 1st quarter valued at $29,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 1.9%

Shares of NYSEARCA:IAU opened at $79.63 on Monday. The stock’s fifty day simple moving average is $69.25 and its two-hundred day simple moving average is $64.78. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34. The stock has a market cap of $66.22 billion, a PE ratio of 5.53 and a beta of 0.15.

iShares Gold Trust 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.