iShares Gold Trust $IAU Shares Bought by AMG National Trust Bank

AMG National Trust Bank boosted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 306,824 shares of the exchange traded fund’s stock after buying an additional 4,474 shares during the quarter. AMG National Trust Bank’s holdings in iShares Gold Trust were worth $19,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IAU. Brighton Jones LLC acquired a new stake in iShares Gold Trust during the fourth quarter worth $1,864,000. Bison Wealth LLC increased its stake in iShares Gold Trust by 78.5% during the fourth 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 last quarter. GAMMA Investing LLC increased its stake in iShares Gold Trust by 17.6% during the first 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 last quarter. Golden State Wealth Management LLC increased its stake in iShares Gold Trust by 99.1% during the first quarter. Golden State Wealth Management LLC now owns 7,818 shares of the exchange traded fund’s stock worth $461,000 after acquiring an additional 3,892 shares during the last quarter. Finally, Mather Group LLC. increased its stake in iShares Gold Trust by 9.7% during the first quarter. Mather Group LLC. now owns 17,283 shares of the exchange traded fund’s stock worth $1,019,000 after acquiring an additional 1,526 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 2.0%

IAU opened at $75.79 on Friday. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55. The business has a fifty day simple moving average of $71.76 and a 200-day simple moving average of $65.91. The firm has a market cap of $62.60 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.