Signet Investment Advisory Group Inc. Has $11.01 Million Stock Holdings in iShares Gold Trust $IAU

Signet Investment Advisory Group Inc. lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 26.0% in the second quarter, HoldingsChannel.com reports. The fund owned 176,504 shares of the exchange traded fund’s stock after selling 61,992 shares during the quarter. iShares Gold Trust comprises 5.7% of Signet Investment Advisory Group Inc.’s portfolio, making the stock its 2nd biggest position. Signet Investment Advisory Group Inc.’s holdings in iShares Gold Trust were worth $11,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of IAU. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust in the first quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust in the first quarter valued at approximately $27,000. Private Wealth Management Group LLC raised its stake in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in shares of iShares Gold Trust in the first quarter valued at approximately $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 2.8%

NYSEARCA:IAU opened at $75.15 on Tuesday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The firm has a 50 day moving average of $71.03 and a 200-day moving average of $65.65. The stock has a market capitalization of $62.21 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.