Avidian Wealth Enterprises LLC Has $958,000 Position in iShares Gold Trust $IAU

Avidian Wealth Enterprises LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 4.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,358 shares of the exchange traded fund’s stock after purchasing an additional 656 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares Gold Trust were worth $958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IAU. Drive Wealth Management LLC acquired a new position in shares of iShares Gold Trust in the second quarter valued at approximately $650,000. Crewe Advisors LLC increased its position in iShares Gold Trust by 128.5% in the 2nd quarter. Crewe Advisors LLC now owns 697 shares of the exchange traded fund’s stock valued at $43,000 after acquiring an additional 392 shares during the period. Lyell Wealth Management LP bought a new position in shares of iShares Gold Trust during the second quarter valued at $219,000. Alaska Wealth Advisors lifted its holdings in shares of iShares Gold Trust by 0.7% during the second quarter. Alaska Wealth Advisors now owns 55,742 shares of the exchange traded fund’s stock worth $3,476,000 after purchasing an additional 361 shares during the period. Finally, Madison Wealth Partners Inc grew its stake in shares of iShares Gold Trust by 8.7% in the second quarter. Madison Wealth Partners Inc now owns 4,313 shares of the exchange traded fund’s stock worth $269,000 after purchasing an additional 344 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 6.2%

NYSEARCA IAU opened at $77.38 on Wednesday. The firm has a market capitalization of $64.43 billion, a PE ratio of 5.53 and a beta of 0.15. The business’s 50-day moving average price is $69.93 and its two-hundred day moving average price is $65.04. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $82.55.

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.