Advisory Alpha LLC Reduces Stock Holdings in iShares Gold Trust (NYSEARCA:IAU)

Advisory Alpha LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 40.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,074 shares of the exchange traded fund’s stock after selling 28,672 shares during the quarter. Advisory Alpha LLC’s holdings in iShares Gold Trust were worth $1,848,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock valued at $133,523,000 after purchasing an additional 178,898 shares during the period. Truist Financial Corp grew its holdings in shares of iShares Gold Trust by 118.9% in the second quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of iShares Gold Trust by 2.1% in the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after purchasing an additional 44,515 shares during the period. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of iShares Gold Trust by 7.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,000,500 shares of the exchange traded fund’s stock valued at $78,080,000 after purchasing an additional 144,014 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of IAU stock opened at $49.70 on Tuesday. The company has a 50-day moving average of $47.28 and a two-hundred day moving average of $45.17. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $50.57.

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.