MBL Wealth LLC Has $705,000 Position in iShares Gold Trust $IAU

MBL Wealth LLC cut its position in iShares Gold Trust (NYSEARCA:IAU) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,300 shares of the exchange traded fund’s stock after selling 400 shares during the period. MBL Wealth LLC’s holdings in iShares Gold Trust were worth $705,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC raised its position in shares of iShares Gold Trust by 20.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 29,836 shares of the exchange traded fund’s stock worth $1,861,000 after purchasing an additional 5,053 shares during the period. Berger Financial Group Inc raised its holdings in iShares Gold Trust by 22.8% during the 2nd quarter. Berger Financial Group Inc now owns 5,934 shares of the exchange traded fund’s stock worth $370,000 after buying an additional 1,103 shares during the period. BridgePort Financial Solutions LLC lifted its stake in iShares Gold Trust by 25.2% in the second quarter. BridgePort Financial Solutions LLC now owns 55,754 shares of the exchange traded fund’s stock valued at $3,477,000 after buying an additional 11,205 shares in the last quarter. Compass Financial Group INC SD acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $200,000. Finally, Jackson Wealth Management LLC bought a new stake in shares of iShares Gold Trust during the second quarter worth $239,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Trading Up 0.8%

IAU opened at $73.22 on Friday. The stock has a market capitalization of $59.82 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $73.43. The firm’s fifty day simple moving average is $66.44 and its 200 day simple moving average is $63.39.

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.