iShares Gold Trust $IAU Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors cut its holdings in iShares Gold Trust (NYSEARCA:IAU) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,425 shares of the exchange traded fund’s stock after selling 8,627 shares during the quarter. iShares Gold Trust makes up approximately 0.9% of JNBA Financial Advisors’ portfolio, making the stock its 24th largest holding. JNBA Financial Advisors’ holdings in iShares Gold Trust were worth $9,443,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $27,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust during the first quarter valued at approximately $27,000. Dunhill Financial LLC lifted its stake in shares of iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the period. Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust during the first quarter valued at approximately $29,000. Finally, North Capital Inc. purchased a new position in shares of iShares Gold Trust during the first quarter valued at approximately $34,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU opened at $75.58 on Friday. The company has a market capitalization of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The company’s 50 day simple moving average is $67.72 and its 200 day simple moving average is $63.97. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49.

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.