6,258 Shares in iShares Gold Trust $IAU Bought by Copperwynd Financial LLC

Copperwynd Financial LLC acquired a new position in iShares Gold Trust (NYSEARCA:IAU) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,258 shares of the exchange traded fund’s stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IAU. Envestnet Asset Management Inc. raised its position in shares of 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 worth $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC increased its stake 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 acquiring an additional 2,552,405 shares during the last quarter. Erste Asset Management GmbH bought a new position in iShares Gold Trust in the first quarter valued at $68,629,000. Charles Schwab Investment Management Inc. increased its stake in iShares Gold Trust by 1,357.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after acquiring an additional 913,987 shares during the last quarter. Finally, Truist Financial Corp increased its stake in iShares Gold Trust by 14.4% in the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after acquiring an additional 692,844 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.6%

IAU opened at $76.22 on Thursday. The stock has a market cap of $62.55 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $76.49. The business’s fifty day simple moving average is $67.22 and its 200 day simple moving average is $63.72.

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.