iShares Gold Trust (NYSEARCA:IAU) is GM Advisory Group LLC’s 2nd Largest Position

GM Advisory Group LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 0.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,010,038 shares of the exchange traded fund’s stock after selling 6,508 shares during the period. iShares Gold Trust comprises about 5.7% of GM Advisory Group LLC’s holdings, making the stock its 2nd largest holding. GM Advisory Group LLC’s holdings in iShares Gold Trust were worth $88,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc increased its position in shares of iShares Gold Trust by 7.5% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 25,969 shares of the exchange traded fund’s stock valued at $1,141,000 after purchasing an additional 1,813 shares during the last quarter. AllGen Financial Advisors Inc. grew its stake in shares of iShares Gold Trust by 17.7% during the second quarter. AllGen Financial Advisors Inc. now owns 397,299 shares of the exchange traded fund’s stock worth $17,453,000 after purchasing an additional 59,642 shares in the last quarter. Carolinas Wealth Consulting LLC increased its holdings in iShares Gold Trust by 16.7% in the second quarter. Carolinas Wealth Consulting LLC now owns 3,500 shares of the exchange traded fund’s stock valued at $154,000 after buying an additional 500 shares during the last quarter. Hsbc Holdings PLC raised its stake in iShares Gold Trust by 713.8% in the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after buying an additional 665,653 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in iShares Gold Trust by 4.0% during the 2nd quarter. Blair William & Co. IL now owns 321,497 shares of the exchange traded fund’s stock worth $14,123,000 after buying an additional 12,455 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.5 %

IAU opened at $48.89 on Friday. The business’s 50-day simple moving average is $46.71 and its 200-day simple moving average is $44.66. iShares Gold Trust has a one year low of $34.35 and a one year high of $49.12.

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.