McAdam LLC Sells 1,344 Shares of iShares Gold Trust (NYSEARCA:IAU)

McAdam LLC cut its stake in iShares Gold Trust (NYSEARCA:IAU) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,851 shares of the exchange traded fund’s stock after selling 1,344 shares during the quarter. McAdam LLC’s holdings in iShares Gold Trust were worth $389,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IAU. Avalon Capital Management grew its stake in iShares Gold Trust by 528.1% in the second quarter. Avalon Capital Management now owns 34,149 shares of the exchange traded fund’s stock valued at $1,500,000 after purchasing an additional 28,712 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of iShares Gold Trust by 1.8% in the 2nd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 244,376 shares of the exchange traded fund’s stock valued at $10,735,000 after buying an additional 4,293 shares in the last quarter. Farrell Financial LLC grew its position in shares of iShares Gold Trust by 4.1% in the 2nd quarter. Farrell Financial LLC now owns 48,632 shares of the exchange traded fund’s stock worth $2,136,000 after buying an additional 1,921 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of iShares Gold Trust by 52.2% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 41,478 shares of the exchange traded fund’s stock worth $1,822,000 after acquiring an additional 14,217 shares in the last quarter. Finally, &PARTNERS purchased a new stake in iShares Gold Trust during the second quarter valued at approximately $2,442,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU opened at $47.43 on Friday. The company has a 50 day moving average of $45.39 and a two-hundred day moving average of $43.45. iShares Gold Trust has a twelve month low of $34.35 and a twelve month high of $47.83.

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.