Strengthening Families & Communities LLC Increases Holdings in iShares Gold Trust $IAU

Strengthening Families & Communities LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 754.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,372 shares of the exchange traded fund’s stock after buying an additional 55,072 shares during the period. iShares Gold Trust comprises 2.0% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 13th largest position. Strengthening Families & Communities LLC’s holdings in iShares Gold Trust were worth $3,677,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Diversified Enterprises LLC grew its position in iShares Gold Trust by 4.6% during the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after acquiring an additional 163 shares during the last quarter. Red Mountain Financial LLC grew its position in iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after acquiring an additional 165 shares during the last quarter. Alpha Cubed Investments LLC grew its position in iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 168 shares during the last quarter. Mosaic Family Wealth Partners LLC grew its position in iShares Gold Trust by 1.5% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after acquiring an additional 173 shares during the last quarter. Finally, Hoey Investments Inc. grew its position in iShares Gold Trust by 30.4% during the 1st quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after acquiring an additional 175 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

IAU opened at $75.58 on Friday. The stock’s 50 day simple moving average is $67.72 and its 200 day simple moving average is $63.97. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49. The firm has a market cap of $62.36 billion, a price-to-earnings 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.