Stephens Inc. AR Sells 66,177 Shares of iShares Gold Trust $IAU

Stephens Inc. AR cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 324,580 shares of the exchange traded fund’s stock after selling 66,177 shares during the quarter. Stephens Inc. AR’s holdings in iShares Gold Trust were worth $20,241,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IAU. Brighton Jones LLC purchased a new stake in iShares Gold Trust during the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC grew its holdings in iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 7,379 shares during the last quarter. GAMMA Investing LLC increased 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 in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Gold Trust by 17.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 357,429 shares of the exchange traded fund’s stock valued at $21,074,000 after purchasing an additional 54,096 shares during the last quarter. Finally, PFG Investments LLC boosted its position in shares of iShares Gold Trust by 7.8% in the 1st quarter. PFG Investments LLC now owns 27,421 shares of the exchange traded fund’s stock worth $1,617,000 after purchasing an additional 1,984 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $79.63 on Monday. The stock’s fifty day moving average price is $69.25 and its 200 day moving average price is $64.78. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34. The company has a market cap of $66.22 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.