Milestone Asset Management LLC Sells 34,270 Shares of iShares Gold Trust $IAU

Milestone Asset Management LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 84.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,475 shares of the exchange traded fund’s stock after selling 34,270 shares during the quarter. Milestone Asset Management LLC’s holdings in iShares Gold Trust were worth $404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Keener Financial Planning LLC purchased a new stake in shares of iShares Gold Trust in the second quarter worth about $25,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust in the first quarter worth about $27,000. Private Wealth Management Group LLC lifted its holdings in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares in the last quarter. Key Financial Inc purchased a new stake in shares of iShares Gold Trust in the second quarter worth about $28,000. Finally, Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust in the first quarter worth about $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.8%

Shares of iShares Gold Trust stock opened at $74.21 on Wednesday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The company has a market cap of $61.20 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The company’s 50-day moving average price is $72.44 and its 200-day moving average price is $66.25.

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.