Modera Wealth Management LLC Purchases 667 Shares of iShares Gold Trust $IAU

Modera Wealth Management LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,275 shares of the exchange traded fund’s stock after buying an additional 667 shares during the period. Modera Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,946,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of IAU. Soltis Investment Advisors LLC boosted its stake in shares of iShares Gold Trust by 5.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 6,001 shares of the exchange traded fund’s stock worth $374,000 after acquiring an additional 303 shares during the period. Regimen Wealth LLC bought a new stake in shares of iShares Gold Trust in the second quarter valued at about $560,000. Golden State Wealth Management LLC grew its stake in shares of iShares Gold Trust by 32.4% in the second quarter. Golden State Wealth Management LLC now owns 10,349 shares of the exchange traded fund’s stock valued at $645,000 after acquiring an additional 2,531 shares in the last quarter. HORAN Wealth LLC bought a new position in iShares Gold Trust during the 2nd quarter worth $959,000. Finally, SouthState Corp lifted its position in iShares Gold Trust by 125.3% during the second quarter. SouthState Corp now owns 5,765 shares of the exchange traded fund’s stock worth $360,000 after purchasing an additional 3,206 shares during the period. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $75.43 on Friday. The stock has a fifty day moving average of $73.08 and a 200-day moving average of $66.44. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55. The stock has a market capitalization of $62.16 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.