Beacon Bridge Wealth Partners LLC Decreases Stake in iShares Gold Trust (NYSEARCA:IAU)

Beacon Bridge Wealth Partners LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,812 shares of the exchange traded fund’s stock after selling 3,535 shares during the quarter. iShares Gold Trust makes up about 1.1% of Beacon Bridge Wealth Partners LLC’s holdings, making the stock its 29th biggest holding. Beacon Bridge Wealth Partners LLC’s holdings in iShares Gold Trust were worth $2,524,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of iShares Gold Trust by 200.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 10,778,652 shares of the exchange traded fund’s stock worth $533,651,000 after buying an additional 7,194,721 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of iShares Gold Trust by 10.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,288,826 shares of the exchange traded fund’s stock worth $608,420,000 after buying an additional 1,183,962 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of iShares Gold Trust by 101.4% during the 1st quarter. Park Avenue Securities LLC now owns 1,374,967 shares of the exchange traded fund’s stock worth $81,068,000 after buying an additional 692,113 shares during the last quarter. Finally, Parker Investment Management LLC lifted its position in shares of iShares Gold Trust by 11,484.5% during the 1st quarter. Parker Investment Management LLC now owns 678,391 shares of the exchange traded fund’s stock worth $39,998,000 after buying an additional 672,535 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.0%

Shares of NYSEARCA:IAU opened at $62.91 on Monday. The firm has a 50 day simple moving average of $63.02 and a 200-day simple moving average of $59.07. The company has a market capitalization of $47.85 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $44.77 and a twelve month high of $65.00.

About iShares Gold Trust

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.