Vestmark Advisory Solutions Inc. Boosts Holdings in iShares Gold Trust $IAU

Vestmark Advisory Solutions Inc. lifted its position in iShares Gold Trust (NYSEARCA:IAU) by 4,431.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 484,363 shares of the exchange traded fund’s stock after purchasing an additional 473,673 shares during the quarter. Vestmark Advisory Solutions Inc. owned about 0.06% of iShares Gold Trust worth $30,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IAU. Diversified Enterprises LLC raised its stake in iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 163 shares in the last quarter. Red Mountain Financial LLC grew its position in iShares Gold Trust by 0.4% in the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after acquiring an additional 165 shares in the last quarter. New Hampshire Trust grew its position in iShares Gold Trust by 4.2% in the second quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after acquiring an additional 171 shares in the last quarter. Mosaic Family Wealth Partners LLC increased its stake in iShares Gold Trust by 1.5% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after acquiring an additional 173 shares during the last quarter. Finally, Whittier Trust Co. raised its position in iShares Gold Trust by 0.3% during the second quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock valued at $3,803,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.3%

Shares of IAU stock opened at $75.18 on Friday. The firm has a market cap of $61.95 billion, a P/E ratio of 5.53 and a beta of 0.09. The business has a 50-day moving average price of $72.87 and a two-hundred day moving average price of $66.37. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55.

About iShares Gold Trust

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.