Orion Porfolio Solutions LLC Has $12.21 Million Stock Position in iShares Gold Trust $IAU

Orion Porfolio Solutions LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 27.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,759 shares of the exchange traded fund’s stock after buying an additional 41,656 shares during the period. Orion Porfolio Solutions LLC’s holdings in iShares Gold Trust were worth $12,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IAU. Bryn Mawr Trust Advisors LLC lifted its holdings in shares of iShares Gold Trust by 79.9% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after acquiring an additional 23,054 shares during the period. Americana Partners LLC raised its holdings in shares of iShares Gold Trust by 9.0% in the second quarter. Americana Partners LLC now owns 26,166 shares of the exchange traded fund’s stock valued at $1,632,000 after buying an additional 2,158 shares during the last quarter. Stokes Family Office LLC lifted its position in shares of iShares Gold Trust by 2.7% during the second quarter. Stokes Family Office LLC now owns 93,539 shares of the exchange traded fund’s stock worth $5,833,000 after purchasing an additional 2,491 shares in the last quarter. Alpha Cubed Investments LLC increased its holdings in shares of iShares Gold Trust by 110.2% in the second quarter. Alpha Cubed Investments LLC now owns 9,093 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 4,768 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC raised its position in iShares Gold Trust by 17.0% in the 2nd quarter. Advocacy Wealth Management Services LLC now owns 355,397 shares of the exchange traded fund’s stock worth $22,163,000 after purchasing an additional 51,708 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $80.99 on Monday. The company has a market cap of $66.74 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The stock’s fifty day moving average price is $77.50 and its two-hundred day moving average price is $69.36. iShares Gold Trust has a 52-week low of $48.83 and a 52-week 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.