True Vision MN LLC Has $1.59 Million Stake in iShares Gold Trust $IAU

True Vision MN LLC decreased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 26.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 25,454 shares of the exchange traded fund’s stock after selling 9,387 shares during the period. iShares Gold Trust accounts for about 0.9% of True Vision MN LLC’s investment portfolio, making the stock its 28th biggest holding. True Vision MN LLC’s holdings in iShares Gold Trust were worth $1,587,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. grew its position in shares of 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 period. Envestnet Asset Management Inc. grew its position in shares of 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 period. LPL Financial LLC grew its position in shares of 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 period. WealthNavi Inc. grew its position in shares of 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 period. Finally, Ameriprise Financial Inc. grew its position in shares of 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 period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.9%

Shares of IAU stock opened at $74.62 on Tuesday. The company has a market cap of $61.24 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $74.80. The firm has a 50 day moving average of $66.68 and a 200-day moving average of $63.55.

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.