CW Advisors LLC Reduces Holdings in iShares Gold Trust $IAU

CW Advisors LLC decreased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 80.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,581 shares of the exchange traded fund’s stock after selling 26,286 shares during the period. CW Advisors LLC’s holdings in iShares Gold Trust were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IAU. JPMorgan Chase & Co. grew its holdings in iShares Gold Trust by 67.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,919,614 shares of the exchange traded fund’s stock valued at $680,947,000 after purchasing an additional 4,398,605 shares during the last quarter. WealthNavi Inc. boosted its position in shares of iShares Gold Trust by 8.6% during the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after buying an additional 521,530 shares during the period. Ameriprise Financial Inc. grew its stake in shares of iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after buying an additional 616,559 shares during the last quarter. Truist Financial Corp grew its stake in shares of iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after buying an additional 692,844 shares during the last quarter. Finally, Citigroup Inc. raised its holdings in shares of iShares Gold Trust by 809.1% in the second quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after buying an additional 4,546,835 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $79.67 on Thursday. The stock has a 50 day moving average price of $77.19 and a 200 day moving average price of $69.06. iShares Gold Trust has a 52-week low of $48.83 and a 52-week high of $82.55. The firm has a market capitalization of $65.66 billion, a P/E 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.