Baird Financial Group Inc. Sells 490,856 Shares of iShares Gold Trust $IAU

Baird Financial Group Inc. decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,349,165 shares of the exchange traded fund’s stock after selling 490,856 shares during the period. Baird Financial Group Inc. owned approximately 0.18% of iShares Gold Trust worth $84,134,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IAU. Brighton Jones LLC purchased a new position in iShares Gold Trust during the 4th quarter valued at approximately $1,864,000. Bison Wealth LLC raised its holdings in shares of iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after acquiring an additional 7,379 shares in the last quarter. Cary Street Partners Financial LLC boosted its position in shares of iShares Gold Trust by 4.8% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,746 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 218 shares during the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of iShares Gold Trust by 316.6% during the 1st quarter. Citizens Financial Group Inc. RI now owns 104,619 shares of the exchange traded fund’s stock valued at $6,168,000 after acquiring an additional 79,507 shares during the last quarter. Finally, Evolution Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 6.9% in the first quarter. Evolution Wealth Advisors LLC now owns 7,575 shares of the exchange traded fund’s stock valued at $447,000 after purchasing an additional 490 shares in the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $79.28 on Friday. The stock has a market capitalization of $65.33 billion, a PE ratio of 5.53 and a beta of 0.09. The company’s fifty day moving average is $76.62 and its 200 day moving average is $68.54. iShares Gold Trust has a fifty-two week low of $48.83 and a fifty-two week high of $82.55.

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.