Keystone Financial Services Sells 15,578 Shares of iShares Gold Trust $IAU

Keystone Financial Services reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 26.6% in the 2nd quarter, Holdings Channel reports. The firm owned 42,965 shares of the exchange traded fund’s stock after selling 15,578 shares during the quarter. iShares Gold Trust comprises approximately 0.9% of Keystone Financial Services’ investment portfolio, making the stock its 20th biggest position. Keystone Financial Services’ holdings in iShares Gold Trust were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of IAU. LPL Financial LLC lifted its holdings in shares of 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 period. WealthNavi Inc. raised its position 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 purchasing an additional 521,530 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after purchasing an additional 616,559 shares during the period. Truist Financial Corp lifted its stake in iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after purchasing an additional 692,844 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Gold Trust by 9.6% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,718,436 shares of the exchange traded fund’s stock valued at $278,199,000 after purchasing an additional 414,584 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6%

IAU stock opened at $75.43 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $82.55. The business’s 50 day moving average is $73.08 and its 200-day moving average is $66.44. The firm has a market cap of $62.16 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.