Avior Wealth Management LLC Sells 662 Shares of iShares Gold Trust $IAU

Avior Wealth Management LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 1.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,320 shares of the exchange traded fund’s stock after selling 662 shares during the period. Avior Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Sage Rhino Capital LLC boosted its stake in iShares Gold Trust by 7.9% in the second quarter. Sage Rhino Capital LLC now owns 321,686 shares of the exchange traded fund’s stock valued at $20,060,000 after acquiring an additional 23,512 shares in the last quarter. Blossom Wealth Management raised its stake in iShares Gold Trust by 3.2% in the second quarter. Blossom Wealth Management now owns 21,715 shares of the exchange traded fund’s stock valued at $1,354,000 after buying an additional 665 shares during the last quarter. Diversified Enterprises LLC grew its stake in shares of iShares Gold Trust by 4.6% during the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 163 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of iShares Gold Trust by 5.0% during the second quarter. Independent Wealth Network Inc. now owns 15,998 shares of the exchange traded fund’s stock valued at $998,000 after acquiring an additional 761 shares in the last quarter. Finally, ORG Partners LLC raised its position in shares of iShares Gold Trust by 98.3% in the 2nd quarter. ORG Partners LLC now owns 8,589 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 4,258 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6%

IAU stock opened at $70.99 on Monday. The stock has a market capitalization of $54.39 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $71.40. The firm has a 50 day moving average of $65.55 and a 200 day moving average of $62.88.

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.