Waldron Private Wealth LLC Invests $2.48 Million in iShares Gold Trust $IAU

Waldron Private Wealth LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAUFree Report) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 34,131 shares of the exchange traded fund’s stock, valued at approximately $2,484,000.

Several other large investors have also modified their holdings of IAU. Keener Financial Planning LLC purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $25,000. MTM Investment Management LLC purchased a new stake in iShares Gold Trust during the 2nd quarter worth approximately $25,000. Private Wealth Management Group LLC increased its position in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc acquired a new stake in shares of iShares Gold Trust during the second quarter worth about $28,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of iShares Gold Trust in the 3rd quarter valued at $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

IAU stock opened at $91.56 on Wednesday. iShares Gold Trust has a one year low of $51.51 and a one year high of $89.75. The firm has a market cap of $76.96 billion, a PE ratio of 5.53 and a beta of 0.09. The firm’s fifty day moving average is $81.45 and its 200 day moving average is $73.32.

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About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

See Also

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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