Integrated Advisors Network LLC Has $1.51 Million Position in iShares Gold Trust $IAU

Integrated Advisors Network LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 65.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,148 shares of the exchange traded fund’s stock after selling 32,680 shares during the quarter. Integrated Advisors Network LLC’s holdings in iShares Gold Trust were worth $1,512,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IAU. Wills Financial Group LLC boosted its holdings in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after purchasing an additional 13,093 shares during the period. Hudson Oak Wealth Advisory LLC bought a new position in shares of iShares Gold Trust during the 4th quarter worth about $1,725,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of iShares Gold Trust by 13.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock worth $67,320,000 after purchasing an additional 97,852 shares during the period. South Shore Capital Advisors acquired a new position in shares of iShares Gold Trust during the fourth quarter valued at about $858,000. Finally, Advisory Services Network LLC raised its position in shares of iShares Gold Trust by 20.3% during the third quarter. Advisory Services Network LLC now owns 207,238 shares of the exchange traded fund’s stock valued at $15,081,000 after buying an additional 35,018 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8%

Shares of IAU opened at $76.74 on Thursday. The stock’s 50-day moving average price is $82.23 and its 200 day moving average price is $87.42. The firm has a market capitalization of $63.38 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 12-month low of $61.60 and a 12-month high of $104.40.

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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