iShares Gold Trust $IAU Stake Decreased by Biltmore Family Office LLC

Biltmore Family Office LLC reduced its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 702,089 shares of the exchange traded fund’s stock after selling 17,431 shares during the period. iShares Gold Trust makes up approximately 7.4% of Biltmore Family Office LLC’s holdings, making the stock its 2nd largest holding. Biltmore Family Office LLC’s holdings in iShares Gold Trust were worth $43,782,000 at the end of the most recent quarter.

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

iShares Gold Trust Trading Down 0.7%

iShares Gold Trust stock opened at $74.59 on Wednesday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The stock has a market cap of $61.75 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a 50-day moving average price of $71.27 and a 200 day moving average price of $65.75.

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.