iShares Gold Trust (NYSEARCA:IAU) Stake Lifted by Sunbelt Securities Inc.

Sunbelt Securities Inc. boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,934 shares of the exchange traded fund’s stock after purchasing an additional 20,840 shares during the quarter. iShares Gold Trust comprises 1.2% of Sunbelt Securities Inc.’s portfolio, making the stock its 10th largest position. Sunbelt Securities Inc.’s holdings in iShares Gold Trust were worth $12,122,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of IAU. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC increased its position in shares of iShares Gold Trust by 6.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,039,451 shares of the exchange traded fund’s stock worth $133,523,000 after acquiring an additional 178,898 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of iShares Gold Trust by 2.1% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,144,328 shares of the exchange traded fund’s stock valued at $94,200,000 after acquiring an additional 44,515 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of iShares Gold Trust by 7.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,000,500 shares of the exchange traded fund’s stock valued at $78,080,000 after acquiring an additional 144,014 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock worth $64,164,000 after purchasing an additional 581,671 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $50.09 on Monday. The business’s 50-day moving average is $47.20 and its two-hundred day moving average is $45.08. iShares Gold Trust has a 12 month low of $34.35 and a 12 month high of $50.57.

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.