GFS Advisors LLC Has $8.21 Million Stock Holdings in iShares Gold Trust $IAU

GFS Advisors LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 131,680 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. GFS Advisors LLC’s holdings in iShares Gold Trust were worth $8,212,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of iShares Gold Trust by 1.9% in 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 purchasing an additional 339,286 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in 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 buying an additional 6,797,066 shares during the last quarter. LPL Financial LLC increased its stake 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 acquiring an additional 2,552,405 shares in the last quarter. WealthNavi Inc. increased its stake in 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 valued at $409,776,000 after purchasing an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in 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 acquiring an additional 616,559 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.0%

Shares of iShares Gold Trust stock opened at $75.58 on Friday. The company’s 50-day moving average price is $67.72 and its 200-day moving average price is $64.02. The company has a market cap of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $76.49.

iShares Gold Trust 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.