iShares Gold Trust $IAU Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 27.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,220 shares of the exchange traded fund’s stock after selling 66,201 shares during the period. Advisory Services Network LLC’s holdings in iShares Gold Trust were worth $10,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of IAU. Keener Financial Planning LLC purchased a new position in iShares Gold Trust during the 2nd quarter valued at about $25,000. MTM Investment Management LLC purchased a new position in shares of iShares Gold Trust in the second quarter valued at approximately $25,000. Private Wealth Management Group LLC increased 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 worth $27,000 after buying an additional 320 shares during the period. Key Financial Inc purchased a new stake in iShares Gold Trust during the 2nd quarter worth approximately $28,000. Finally, Traub Capital Management LLC acquired a new stake in iShares Gold Trust during the 2nd quarter worth approximately $31,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.6%

NYSEARCA:IAU opened at $80.99 on Monday. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55. The company has a fifty day simple moving average of $77.50 and a two-hundred day simple moving average of $69.36. The company has a market cap of $66.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.