iShares Gold Trust (NYSEARCA:IAU) Stake Decreased by Custom Portfolio Group LLC

Custom Portfolio Group LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,462 shares of the exchange traded fund’s stock after selling 3,787 shares during the period. iShares Gold Trust comprises approximately 4.5% of Custom Portfolio Group LLC’s portfolio, making the stock its 4th largest position. Custom Portfolio Group LLC’s holdings in iShares Gold Trust were worth $5,799,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Private Ocean LLC bought a new position in iShares Gold Trust during the first quarter valued at approximately $29,000. Global Trust Asset Management LLC grew its holdings in shares of iShares Gold Trust by 250.0% during the 2nd quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 500 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in iShares Gold Trust in the 2nd quarter worth $31,000. YHB Investment Advisors Inc. bought a new stake in iShares Gold Trust in the first quarter worth $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in iShares Gold Trust during the second quarter valued at about $34,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of NYSEARCA:IAU opened at $49.70 on Tuesday. The stock’s 50-day moving average price is $47.28 and its 200-day moving average price is $45.17. iShares Gold Trust has a 12-month low of $34.35 and a 12-month 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.