iShares Gold Trust $IAU is Strategic Point Investment Advisors LLC’s 7th Largest Position

Strategic Point Investment Advisors LLC decreased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 527,334 shares of the exchange traded fund’s stock after selling 5,847 shares during the quarter. iShares Gold Trust comprises approximately 5.1% of Strategic Point Investment Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Strategic Point Investment Advisors LLC’s holdings in iShares Gold Trust were worth $32,885,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Diversified Enterprises LLC lifted its stake in shares of iShares Gold Trust by 4.6% in 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 in the last quarter. Red Mountain Financial LLC lifted its stake in shares of iShares Gold Trust by 0.4% in the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after acquiring an additional 165 shares in the last quarter. Alpha Cubed Investments LLC lifted its stake in shares of iShares Gold Trust by 4.0% in the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 168 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its stake in shares of iShares Gold Trust by 1.5% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 173 shares in the last quarter. Finally, Hoey Investments Inc. lifted its stake in shares of iShares Gold Trust by 30.4% in the first quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0%

Shares of NYSEARCA IAU opened at $75.58 on Friday. The stock’s 50 day moving average price is $67.72 and its two-hundred day moving average price is $64.02. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $76.49. The stock has a market capitalization of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.