Sage Private Wealth Group LLC Purchases 34,502 Shares of iShares Gold Trust $IAU

Sage Private Wealth Group LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 25.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 171,284 shares of the exchange traded fund’s stock after acquiring an additional 34,502 shares during the period. iShares Gold Trust makes up 6.8% of Sage Private Wealth Group LLC’s portfolio, making the stock its 7th biggest position. Sage Private Wealth Group LLC’s holdings in iShares Gold Trust were worth $10,681,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of IAU. Brighton Jones LLC acquired a new stake in shares of iShares Gold Trust in the 4th quarter worth about $1,864,000. Bison Wealth LLC increased its holdings in shares of iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after acquiring an additional 7,379 shares during the period. GAMMA Investing LLC increased its holdings in shares of iShares Gold Trust by 17.6% in the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 245 shares during the period. Fifth Third Bancorp increased its holdings in shares of iShares Gold Trust by 23.4% in the 1st quarter. Fifth Third Bancorp now owns 5,586 shares of the exchange traded fund’s stock worth $329,000 after acquiring an additional 1,058 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares Gold Trust by 17.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 357,429 shares of the exchange traded fund’s stock worth $21,074,000 after acquiring an additional 54,096 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 2.3%

IAU stock opened at $81.15 on Friday. The firm’s 50-day simple moving average is $68.94 and its 200 day simple moving average is $64.55. The stock has a market cap of $67.12 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $81.24.

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.