Forum Financial Management LP Sells 4,700 Shares of iShares Gold Trust $IAU

Forum Financial Management LP reduced its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,897 shares of the exchange traded fund’s stock after selling 4,700 shares during the period. Forum Financial Management LP’s holdings in iShares Gold Trust were worth $1,365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter worth approximately $25,000. Private Wealth Management Group LLC boosted its stake in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares during the last quarter. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $27,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $27,000. Finally, Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1%

Shares of NYSEARCA IAU opened at $77.28 on Thursday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The stock’s 50 day moving average price is $70.21 and its 200-day moving average price is $65.13. The company has a market capitalization of $64.34 billion, a PE ratio of 5.53 and a beta of 0.15.

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.