Modern Wealth Management LLC Sells 6,839 Shares of iShares Gold Trust $IAU

by · The Cerbat Gem

Modern Wealth Management LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,212 shares of the exchange traded fund’s stock after selling 6,839 shares during the period. Modern Wealth Management LLC’s holdings in iShares Gold Trust were worth $10,427,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IAU. Bryn Mawr Trust Advisors LLC increased its holdings in shares of iShares Gold Trust by 79.9% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after acquiring an additional 23,054 shares in the last quarter. Americana Partners LLC increased its stake in iShares Gold Trust by 9.0% during the 2nd quarter. Americana Partners LLC now owns 26,166 shares of the exchange traded fund’s stock valued at $1,632,000 after purchasing an additional 2,158 shares in the last quarter. Stokes Family Office LLC raised its holdings in iShares Gold Trust by 2.7% in the second quarter. Stokes Family Office LLC now owns 93,539 shares of the exchange traded fund’s stock worth $5,833,000 after buying an additional 2,491 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in iShares Gold Trust by 110.2% in the second quarter. Alpha Cubed Investments LLC now owns 9,093 shares of the exchange traded fund’s stock worth $567,000 after buying an additional 4,768 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its stake in shares of iShares Gold Trust by 17.0% in the second quarter. Advocacy Wealth Management Services LLC now owns 355,397 shares of the exchange traded fund’s stock worth $22,163,000 after buying an additional 51,708 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.6%

Shares of IAU opened at $80.99 on Friday. The company has a market capitalization of $66.74 billion, a P/E ratio of 5.53 and a beta of 0.09. The firm has a 50 day moving average of $77.50 and a 200 day moving average of $69.26. iShares Gold Trust has a twelve month low of $48.83 and a twelve month high of $82.55.

About iShares Gold Trust

(Free Report)

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.

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