Bank of Jackson Hole Trust Grows Stock Holdings in iShares Gold Trust $IAU

Bank of Jackson Hole Trust boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 1.6% in the 2nd quarter, Holdings Channel reports. The fund owned 53,078 shares of the exchange traded fund’s stock after purchasing an additional 816 shares during the period. iShares Gold Trust makes up about 1.9% of Bank of Jackson Hole Trust’s investment portfolio, making the stock its 12th biggest position. Bank of Jackson Hole Trust’s holdings in iShares Gold Trust were worth $3,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in 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. McAdam LLC grew its stake in iShares Gold Trust by 4.6% in the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after acquiring an additional 341 shares during the period. Summit Financial LLC grew its stake in iShares Gold Trust by 232.6% in the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after acquiring an additional 195,640 shares during the period. Euro Pacific Asset Management LLC grew its stake in iShares Gold Trust by 36.9% in the 2nd quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 2,441 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in iShares Gold Trust by 105.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 316,716 shares of the exchange traded fund’s stock worth $18,674,000 after acquiring an additional 162,279 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $74.59 on Wednesday. The stock has a market capitalization of $61.75 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The company has a 50 day moving average price of $71.27 and a two-hundred day moving average price of $65.75.

iShares Gold Trust 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.