iShares Gold Trust $IAU Shares Sold by Amplius Wealth Advisors LLC

Amplius Wealth Advisors LLC reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,850 shares of the exchange traded fund’s stock after selling 7,090 shares during the quarter. Amplius Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $4,480,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IAU. Envestnet Asset Management Inc. increased its position in shares of iShares Gold Trust by 63.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares during the period. LPL Financial LLC boosted its stake in iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after buying an additional 2,552,405 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its stake in iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after buying an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH bought a new position in iShares Gold Trust during the first quarter valued at about $68,629,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in iShares Gold Trust by 1,357.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after buying an additional 913,987 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Up 2.0%

Shares of IAU stock opened at $75.79 on Friday. The stock has a 50-day simple moving average of $71.76 and a 200 day simple moving average of $65.91. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $82.55. The stock has a market capitalization of $62.60 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.