Quattro Financial Advisors LLC Has $356,000 Stake in iShares Gold Trust $IAU

Quattro Financial Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 39.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,707 shares of the exchange traded fund’s stock after purchasing an additional 1,625 shares during the period. Quattro Financial Advisors LLC’s holdings in iShares Gold Trust were worth $356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Envestnet Asset Management Inc. increased its holdings in iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares during the period. LPL Financial LLC increased its holdings in iShares Gold Trust by 29.6% in the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares during the period. Erste Asset Management GmbH acquired a new stake in iShares Gold Trust in the first quarter valued at $68,629,000. Charles Schwab Investment Management Inc. grew its holdings in iShares Gold Trust by 1,357.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after acquiring an additional 913,987 shares during the period. Finally, Truist Financial Corp raised its position in shares of iShares Gold Trust by 14.4% in the 2nd quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after acquiring an additional 692,844 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.3%

IAU stock opened at $72.65 on Friday. The stock has a 50-day moving average price of $66.23 and a 200-day moving average price of $63.24. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $73.43. The firm has a market cap of $59.35 billion, a PE ratio of 5.53 and a beta of 0.15.

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.