Alpha Financial Partners LLC Sells 6,613 Shares of iShares Gold Trust $IAU

Alpha Financial Partners LLC lowered its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 31.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,118 shares of the exchange traded fund’s stock after selling 6,613 shares during the quarter. iShares Gold Trust comprises 0.6% of Alpha Financial Partners LLC’s holdings, making the stock its 26th largest holding. Alpha Financial Partners LLC’s holdings in iShares Gold Trust were worth $880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in IAU. Sumitomo Mitsui Trust Group Inc. boosted its holdings in iShares Gold Trust by 1.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,940,089 shares of the exchange traded fund’s stock worth $1,057,748,000 after acquiring an additional 339,286 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after acquiring an additional 6,797,066 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after acquiring an additional 2,552,405 shares in the last quarter. WealthNavi Inc. boosted its holdings in iShares Gold Trust by 8.6% in the second quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock worth $409,776,000 after acquiring an additional 521,530 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares Gold Trust by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after acquiring an additional 616,559 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of NYSEARCA IAU opened at $75.58 on Friday. The company has a market cap of $62.36 billion, a PE ratio of 5.53 and a beta of 0.15. The business has a 50-day simple moving average of $67.72 and a two-hundred day simple moving average of $64.02. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week 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.