Highland Financial Advisors LLC Sells 9,934 Shares of iShares Gold Trust $IAU

Highland Financial Advisors LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 7.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 123,538 shares of the exchange traded fund’s stock after selling 9,934 shares during the period. iShares Gold Trust comprises approximately 2.1% of Highland Financial Advisors LLC’s holdings, making the stock its 16th biggest holding. Highland Financial Advisors LLC’s holdings in iShares Gold Trust were worth $9,328,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC increased its holdings in iShares Gold Trust by 381.5% during the 4th quarter. Concurrent Investment Advisors LLC now owns 2,534,729 shares of the exchange traded fund’s stock worth $205,744,000 after acquiring an additional 2,008,288 shares during the period. Citigroup Inc. boosted its holdings in iShares Gold Trust by 35.7% in the 4th quarter. Citigroup Inc. now owns 7,201,313 shares of the exchange traded fund’s stock valued at $584,531,000 after purchasing an additional 1,893,594 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Gold Trust by 18.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,595,990 shares of the exchange traded fund’s stock valued at $535,396,000 after purchasing an additional 1,019,135 shares during the period. Orion Porfolio Solutions LLC grew its position in shares of iShares Gold Trust by 503.7% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 930,318 shares of the exchange traded fund’s stock valued at $58,015,000 after purchasing an additional 776,215 shares in the last quarter. Finally, VCU Investment Management Co purchased a new position in shares of iShares Gold Trust during the 4th quarter valued at $61,835,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $82.51 on Tuesday. The stock has a market cap of $68.15 billion, a P/E ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a fifty-two week low of $62.48 and a fifty-two week high of $104.40. The firm’s fifty day moving average price is $78.06 and its 200-day moving average price is $86.24.

iShares Gold Trust Company 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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).