3,444 Shares in iShares Gold Trust $IAU Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp bought a new position in iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,444 shares of the exchange traded fund’s stock, valued at approximately $215,000.

Other hedge funds also recently made changes to their positions in the company. Keener Financial Planning LLC purchased a new position in shares of iShares Gold Trust in the second quarter worth $25,000. 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 acquiring an additional 320 shares in the last quarter. BankPlus Trust Department bought a new stake in iShares Gold Trust in the first quarter valued at $27,000. Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust in the first quarter valued at $29,000. Finally, North Capital Inc. bought a new stake in iShares Gold Trust in the first quarter valued at $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 2.0%

NYSEARCA:IAU opened at $75.79 on Friday. The stock has a market cap of $62.60 billion, a P/E ratio of 5.53 and a beta of 0.09. The firm’s fifty day simple moving average is $71.76 and its 200 day simple moving average is $65.91. iShares Gold Trust has a twelve month low of $48.29 and a twelve 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.