Chicago Partners Investment Group LLC Takes Position in iShares Gold Trust $IAU

Chicago Partners Investment Group LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 64,920 shares of the exchange traded fund’s stock, valued at approximately $4,149,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sigma Investment Counselors Inc. boosted its position in iShares Gold Trust by 8.7% in the 2nd quarter. Sigma Investment Counselors Inc. now owns 248,675 shares of the exchange traded fund’s stock valued at $15,507,000 after buying an additional 19,904 shares during the last quarter. Systelligence LLC lifted its stake in shares of iShares Gold Trust by 7.5% in the second quarter. Systelligence LLC now owns 129,088 shares of the exchange traded fund’s stock worth $8,050,000 after acquiring an additional 8,998 shares in the last quarter. Private Wealth Management Group LLC boosted its holdings in iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the last quarter. ShoreHaven Wealth Partners LLC boosted its holdings in iShares Gold Trust by 8.5% in the second quarter. ShoreHaven Wealth Partners LLC now owns 60,475 shares of the exchange traded fund’s stock valued at $3,771,000 after purchasing an additional 4,723 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd grew its stake in iShares Gold Trust by 949.5% during the 2nd quarter. JTC Employer Solutions Trustee Ltd now owns 17,820 shares of the exchange traded fund’s stock valued at $1,111,000 after purchasing an additional 16,122 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.9%

Shares of IAU opened at $79.63 on Monday. The firm has a market cap of $66.22 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The business’s 50 day moving average is $69.25 and its two-hundred day moving average is $64.78. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $81.34.

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.