iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Trimmed by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 103,746 shares of the exchange traded fund’s stock after selling 1,812 shares during the period. Apollon Wealth Management LLC’s holdings in iShares Gold Trust were worth $5,156,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IAU. WealthNavi Inc. lifted its stake in shares of iShares Gold Trust by 4.2% in the 3rd quarter. WealthNavi Inc. now owns 5,782,790 shares of the exchange traded fund’s stock worth $287,405,000 after acquiring an additional 233,999 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after purchasing an additional 479,796 shares during the period. Commonwealth Equity Services LLC boosted its stake in iShares Gold Trust by 0.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,062,509 shares of the exchange traded fund’s stock valued at $152,207,000 after purchasing an additional 23,058 shares in the last quarter. Truist Financial Corp increased its position in shares of iShares Gold Trust by 118.9% during the 2nd quarter. Truist Financial Corp now owns 2,465,359 shares of the exchange traded fund’s stock valued at $108,303,000 after purchasing an additional 1,339,100 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of iShares Gold Trust by 0.4% in the 3rd quarter. Proficio Capital Partners LLC now owns 2,153,091 shares of the exchange traded fund’s stock worth $107,009,000 after buying an additional 8,763 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.8 %

Shares of IAU stock opened at $49.09 on Wednesday. The stock has a 50-day simple moving average of $49.97 and a 200 day simple moving average of $46.80. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69.

iShares Gold Trust Profile

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.