Arbor Investment Advisors LLC Has $403,000 Position in iShares Gold Trust $IAU

Arbor Investment Advisors LLC lessened its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,459 shares of the exchange traded fund’s stock after selling 409 shares during the period. Arbor Investment Advisors LLC’s holdings in iShares Gold Trust were worth $403,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in shares of 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 worth $1,036,264,000 after acquiring an additional 6,797,066 shares during the period. LPL Financial LLC grew its holdings in iShares Gold Trust by 29.6% during the 1st 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 during the last quarter. Mainstay Capital Management LLC ADV increased its holdings in shares of iShares Gold Trust by 12,087.3% in the second 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 purchasing an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of iShares Gold Trust during the first quarter valued at $68,629,000. Finally, Charles Schwab Investment Management Inc. lifted its position in iShares Gold Trust by 1,357.2% during 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 purchasing an additional 913,987 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Down 1.9%

NYSEARCA:IAU opened at $79.63 on Monday. The firm has a market capitalization of $66.22 billion, a P/E ratio of 5.53 and a beta of 0.15. The stock’s fifty day simple moving average is $69.25 and its 200-day simple moving average is $64.78. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $81.34.

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.