Weil Company Inc. Makes New Investment in iShares Gold Strategy ETF (BATS:IAUF)

Weil Company Inc. purchased a new stake in shares of iShares Gold Strategy ETF (BATS:IAUF) during the second quarter, Holdings Channel reports. The fund purchased 6,707 shares of the company’s stock, valued at approximately $410,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. acquired a new position in iShares Gold Strategy ETF during the fourth quarter worth $108,000. AdvisorShares Investments LLC acquired a new stake in shares of iShares Gold Strategy ETF in the fourth quarter worth about $1,042,000. Finally, Mission Wealth Management LP bought a new stake in shares of iShares Gold Strategy ETF during the 1st quarter worth about $1,348,000.

iShares Gold Strategy ETF Stock Performance

Shares of BATS IAUF opened at $63.01 on Friday. The firm’s 50 day moving average is $62.99 and its 200-day moving average is $60.88. The firm has a market cap of $50.41 million and a price-to-earnings ratio of 12.07.

About iShares Gold Strategy ETF

The iShares Gold Strategy ETF (IAUF) is an exchange-traded fund that is based on the Bloomberg Gold index. The fund follows an index that provides exposure to the price performance of gold by holding gold futures and gold ETPs. IAUF was launched on Jun 6, 2018 and is managed by BlackRock.