Private Wealth Asset Management LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 18.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,179 shares of the exchange traded fund’s stock after acquiring an additional 2,625 shares during the quarter. Private Wealth Asset Management LLC’s holdings in iShares Gold Trust were worth $1,071,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the second quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust during the first quarter valued at $27,000. BankPlus Trust Department bought a new position in iShares Gold Trust during the first quarter valued at $27,000. Dunhill Financial LLC grew its holdings in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 219 shares during the period. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the first quarter valued at $29,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Trading Up 0.8%
Shares of NYSEARCA IAU opened at $78.03 on Wednesday. The stock has a fifty day simple moving average of $68.29 and a two-hundred day simple moving average of $64.30. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $78.29. The firm has a market cap of $64.49 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.
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