Alpha Financial Partners LLC Trims Holdings in iShares Gold Trust $IAU

Alpha Financial Partners LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 31.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,118 shares of the exchange traded fund’s stock after selling 6,613 shares during the quarter. iShares Gold Trust comprises 0.6% of Alpha Financial Partners LLC’s holdings, making the stock its 26th largest position. Alpha Financial Partners LLC’s holdings in iShares Gold Trust were worth $880,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of IAU. Envestnet Asset Management Inc. raised its stake in shares of iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after purchasing an additional 6,797,066 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after purchasing an additional 2,552,405 shares during the last quarter. Mainstay Capital Management LLC ADV raised its stake in shares of iShares Gold Trust by 12,087.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after purchasing an additional 1,318,237 shares during the last quarter. Erste Asset Management GmbH purchased a new position in shares of iShares Gold Trust in the first quarter worth about $68,629,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of iShares Gold Trust by 1,357.2% in 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 last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.0%

Shares of NYSEARCA:IAU opened at $75.58 on Friday. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $76.49. The stock has a market cap of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The business has a 50-day moving average price of $67.72 and a 200-day moving average price of $64.02.

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.