Pekin Hardy Strauss Inc. Has $6.03 Million Holdings in iShares Gold Trust $IAU

Pekin Hardy Strauss Inc. increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,656 shares of the exchange traded fund’s stock after purchasing an additional 1,463 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in iShares Gold Trust were worth $6,027,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC boosted its stake in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares during the last quarter. Mainstay Capital Management LLC ADV raised its holdings in iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after acquiring an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH acquired a new position in iShares Gold Trust during the first quarter valued at approximately $68,629,000. Charles Schwab Investment Management Inc. grew its stake in iShares Gold Trust by 1,357.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after purchasing an additional 913,987 shares in the last quarter. Finally, Truist Financial Corp grew its stake in iShares Gold Trust by 14.4% in the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after purchasing an additional 692,844 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.1%

Shares of iShares Gold Trust stock opened at $74.97 on Friday. The stock has a market cap of $61.78 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The business’s 50 day moving average is $72.87 and its 200-day moving average is $66.37.

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.