iShares Gold Trust $IAU Holdings Trimmed by Verger Capital Management LLC

Verger Capital Management LLC trimmed its position in iShares Gold Trust (NYSEARCA:IAU) by 2.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 236,184 shares of the exchange traded fund’s stock after selling 6,775 shares during the period. iShares Gold Trust makes up approximately 5.8% of Verger Capital Management LLC’s portfolio, making the stock its 7th largest holding. Verger Capital Management LLC’s holdings in iShares Gold Trust were worth $14,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Envestnet Asset Management Inc. grew its position 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 grew its position in 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 buying an additional 2,552,405 shares during the last quarter. Mainstay Capital Management LLC ADV grew its position in iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after buying an additional 1,318,237 shares during the last quarter. Erste Asset Management GmbH purchased a new position in iShares Gold Trust in the 1st quarter valued at $68,629,000. Finally, Charles Schwab Investment Management Inc. grew its position in iShares Gold Trust by 1,357.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after buying an additional 913,987 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $75.58 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $76.49. The firm’s fifty day moving average price is $67.72 and its 200 day moving average price is $63.97. The firm has a market cap of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.