iShares Gold Trust $IAU Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,094 shares of the exchange traded fund’s stock after selling 9,630 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in iShares Gold Trust were worth $22,144,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in IAU. Diversified Enterprises LLC grew its holdings in iShares Gold Trust by 4.6% during the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 163 shares in the last quarter. Red Mountain Financial LLC boosted its position in iShares Gold Trust by 0.4% in the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after buying an additional 165 shares during the last quarter. New Hampshire Trust grew its stake in shares of iShares Gold Trust by 4.2% during the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after acquiring an additional 171 shares in the last quarter. Whittier Trust Co. grew its stake in shares of iShares Gold Trust by 0.3% during the second quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock valued at $3,803,000 after acquiring an additional 177 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its position in shares of iShares Gold Trust by 0.4% during the second quarter. Confluence Wealth Services Inc. now owns 43,721 shares of the exchange traded fund’s stock worth $2,726,000 after acquiring an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $79.81 on Tuesday. iShares Gold Trust has a one year low of $48.83 and a one year high of $82.55. The business’s 50-day simple moving average is $76.10 and its 200 day simple moving average is $68.25. The stock has a market cap of $65.77 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.