Jmac Enterprises LLC bought a new position in iShares Gold Trust (NYSEARCA:IAU – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 76,352 shares of the exchange traded fund’s stock, valued at approximately $4,761,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Gold Trust in the first quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of iShares Gold Trust in the first quarter worth about $27,000. Dunhill Financial LLC boosted its holdings in shares of iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the period. Garrison Bradford & Associates Inc. acquired a new position in shares of iShares Gold Trust in the first quarter worth about $29,000. Finally, North Capital Inc. acquired a new position in shares of iShares Gold Trust in the first quarter worth about $34,000. 59.67% of the stock is currently owned by institutional investors and hedge funds.
iShares Gold Trust Price Performance
Shares of IAU opened at $72.65 on Friday. iShares Gold Trust has a one year low of $48.29 and a one year high of $73.43. The company has a 50-day moving average of $66.23 and a two-hundred day moving average of $63.24. The stock has a market cap of $55.66 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
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.
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