Firethorn Wealth Partners LLC Sells 1,919 Shares of iShares Gold Trust $IAU

Firethorn Wealth Partners LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,744 shares of the exchange traded fund’s stock after selling 1,919 shares during the period. Firethorn Wealth Partners LLC’s holdings in iShares Gold Trust were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares Gold Trust by 1.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock valued at $1,057,748,000 after acquiring an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 63.1% during the first 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 buying an additional 6,797,066 shares during the last quarter. LPL Financial LLC grew its holdings in shares of iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after buying an additional 2,552,405 shares during the last quarter. WealthNavi Inc. lifted its position in iShares Gold Trust by 8.6% during the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after purchasing an additional 521,530 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock valued at $381,929,000 after purchasing an additional 616,559 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8%

Shares of iShares Gold Trust stock opened at $73.22 on Friday. The firm has a market cap of $59.82 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $73.43. The business has a 50-day moving average price of $66.44 and a 200 day moving average price of $63.39.

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.