Beacon Bridge Wealth Partners LLC Decreases Holdings in iShares Gold Trust $IAU

Beacon Bridge Wealth Partners LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,252 shares of the exchange traded fund’s stock after selling 560 shares during the period. Beacon Bridge Wealth Partners LLC’s holdings in iShares Gold Trust were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in iShares Gold Trust by 1.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after buying an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in 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 worth $1,036,264,000 after buying an additional 6,797,066 shares during the last quarter. LPL Financial LLC lifted its holdings in 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. WealthNavi Inc. lifted its holdings in iShares Gold Trust by 8.6% during the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after buying an additional 521,530 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares Gold Trust by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after buying an additional 616,559 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $74.83 on Friday. The company has a market capitalization of $61.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The business has a 50-day moving average of $67.48 and a two-hundred day moving average of $63.84. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49.

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.