Belpointe Asset Management LLC Sells 230 Shares of iShares Gold Trust $IAU

Belpointe Asset Management LLC trimmed its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,522 shares of the exchange traded fund’s stock after selling 230 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Gold Trust were worth $469,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of iShares Gold Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after buying an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Gold Trust in the first quarter worth about $267,000. Kingswood Wealth Advisors LLC grew its holdings in shares of iShares Gold Trust by 192.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock valued at $5,344,000 after purchasing an additional 59,706 shares in the last quarter. McAdam LLC increased its position in iShares Gold Trust by 4.6% in the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 341 shares during the last quarter. Finally, Summit Financial LLC raised its stake in iShares Gold Trust by 232.6% during the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after purchasing an additional 195,640 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.8%

IAU stock opened at $74.83 on Friday. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $76.49. The firm has a market capitalization of $61.74 billion, a P/E ratio of 5.53 and a beta of 0.15. The company has a fifty day simple moving average of $67.48 and a two-hundred day simple moving average of $63.84.

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.