GM Advisory Group LLC Sells 6,508 Shares of iShares Gold Trust (NYSEARCA:IAU)

GM Advisory Group LLC trimmed its holdings in iShares Gold Trust (NYSEARCA:IAU) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,010,038 shares of the exchange traded fund’s stock after selling 6,508 shares during the period. iShares Gold Trust makes up about 5.7% of GM Advisory Group LLC’s holdings, making the stock its 2nd largest holding. GM Advisory Group LLC owned approximately 0.31% of iShares Gold Trust worth $88,301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares Gold Trust by 15.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after acquiring an additional 479,796 shares during the period. Commonwealth Equity Services LLC raised its position in 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. Equitable Trust Co. lifted its stake in iShares Gold Trust by 5.0% during the first quarter. Equitable Trust Co. now owns 2,694,867 shares of the exchange traded fund’s stock worth $113,211,000 after purchasing an additional 127,828 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of iShares Gold Trust by 2.1% during the second quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock worth $94,200,000 after buying an additional 44,515 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake 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 buying an additional 144,014 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU opened at $48.89 on Friday. The stock’s 50-day moving average price is $46.71 and its 200 day moving average price is $44.66. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $49.12.

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.