2,071 Shares in iShares Gold Trust $IAU Acquired by LFA Lugano Financial Advisors SA

LFA Lugano Financial Advisors SA bought a new stake in iShares Gold Trust (NYSEARCA:IAU) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,071 shares of the exchange traded fund’s stock, valued at approximately $129,000.

Other hedge funds also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC grew its stake in shares of iShares Gold Trust by 79.9% in 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 buying an additional 23,054 shares in the last quarter. Stokes Family Office LLC raised its holdings in iShares Gold Trust by 2.7% in the second quarter. Stokes Family Office LLC now owns 93,539 shares of the exchange traded fund’s stock valued at $5,833,000 after acquiring an additional 2,491 shares in the last quarter. McAdam LLC lifted its position in shares of iShares Gold Trust by 4.6% during the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 341 shares during the last quarter. Euro Pacific Asset Management LLC lifted its holdings in iShares Gold Trust by 36.9% during the 2nd quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock worth $565,000 after buying an additional 2,441 shares during the last quarter. Finally, Summit Financial LLC lifted its stake in iShares Gold Trust by 232.6% during the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after purchasing an additional 195,640 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $75.43 on Friday. The company has a 50-day simple moving average of $73.08 and a 200-day simple moving average of $66.46. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The firm has a market capitalization of $62.16 billion, a PE ratio of 5.53 and a beta of 0.09.

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.