ShoreHaven Wealth Partners LLC Has $3.77 Million Holdings in iShares Gold Trust $IAU

ShoreHaven Wealth Partners LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 60,475 shares of the exchange traded fund’s stock after purchasing an additional 4,723 shares during the period. iShares Gold Trust accounts for 1.5% of ShoreHaven Wealth Partners LLC’s investment portfolio, making the stock its 18th largest holding. ShoreHaven Wealth Partners LLC’s holdings in iShares Gold Trust were worth $3,771,000 at the end of the most recent quarter.

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

iShares Gold Trust Stock Down 1.9%

NYSEARCA:IAU opened at $79.63 on Friday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $81.34. The firm has a market capitalization of $65.86 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock’s 50 day moving average price is $69.25 and its two-hundred day moving average price is $64.70.

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.