Triad Wealth Partners LLC Boosts Position in iShares Gold Trust $IAU

Triad Wealth Partners LLC grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 21.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 79,350 shares of the exchange traded fund’s stock after acquiring an additional 13,806 shares during the quarter. iShares Gold Trust comprises 1.0% of Triad Wealth Partners LLC’s portfolio, making the stock its 28th largest holding. Triad Wealth Partners LLC’s holdings in iShares Gold Trust were worth $4,948,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IAU. Brighton Jones LLC purchased a new position in shares of iShares Gold Trust during the fourth quarter valued at approximately $1,864,000. Bison Wealth LLC increased its stake in shares of iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the period. GAMMA Investing LLC increased its stake in shares of iShares Gold Trust by 6,835.3% during the first quarter. GAMMA Investing LLC now owns 96,400 shares of the exchange traded fund’s stock valued at $5,684,000 after buying an additional 95,010 shares during the period. NBC Securities Inc. increased its stake in shares of iShares Gold Trust by 106,116.7% during the first quarter. NBC Securities Inc. now owns 6,373 shares of the exchange traded fund’s stock valued at $375,000 after buying an additional 6,367 shares during the period. Finally, Fulton Bank N.A. purchased a new position in shares of iShares Gold Trust during the first quarter valued at approximately $208,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $72.65 on Friday. The stock has a market capitalization of $59.35 billion, a PE ratio of 5.53 and a beta of 0.15. The stock’s 50 day moving average price is $66.23 and its 200-day moving average price is $63.24. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $73.43.

iShares Gold Trust Company 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.