Eastern Bank increased its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,054 shares of the exchange traded fund’s stock after purchasing an additional 3,139 shares during the period. Eastern Bank’s holdings in iShares Gold Trust were worth $2,186,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust in the 1st quarter worth about $27,000. BankPlus Trust Department bought a new position in iShares Gold Trust in the 1st quarter worth about $27,000. Dunhill Financial LLC boosted its stake in iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust in the 1st quarter worth about $29,000. Finally, North Capital Inc. bought a new position in iShares Gold Trust in the 1st quarter worth about $34,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of iShares Gold Trust stock opened at $75.58 on Friday. The stock has a market cap of $62.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm’s 50-day moving average is $67.72 and its 200 day moving average is $64.02. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $76.49.
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.
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