Sagespring Wealth Partners LLC Raises Stake in iShares Gold Trust (NYSEARCA:IAU)

Sagespring Wealth Partners LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 170.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 560,530 shares of the exchange traded fund’s stock after purchasing an additional 352,920 shares during the period. Sagespring Wealth Partners LLC owned approximately 0.08% of iShares Gold Trust worth $33,049,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Montecito Bank & Trust purchased a new stake in shares of iShares Gold Trust in the 1st quarter worth about $233,000. Janney Montgomery Scott LLC boosted its position in shares of iShares Gold Trust by 47.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,197,537 shares of the exchange traded fund’s stock worth $70,607,000 after buying an additional 386,410 shares in the last quarter. Mission Wealth Management LP boosted its position in shares of iShares Gold Trust by 44.2% in the 1st quarter. Mission Wealth Management LP now owns 14,602 shares of the exchange traded fund’s stock worth $861,000 after buying an additional 4,476 shares in the last quarter. Columbus Macro LLC boosted its position in shares of iShares Gold Trust by 0.6% in the 1st quarter. Columbus Macro LLC now owns 35,409 shares of the exchange traded fund’s stock worth $2,088,000 after buying an additional 200 shares in the last quarter. Finally, Trust Point Inc. boosted its position in shares of iShares Gold Trust by 0.5% in the 1st quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock worth $2,278,000 after buying an additional 176 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 1.3%

iShares Gold Trust stock opened at $64.74 on Monday. iShares Gold Trust has a 52 week low of $43.35 and a 52 week high of $65.00. The firm’s 50-day simple moving average is $62.12 and its 200 day simple moving average is $56.28. The firm has a market capitalization of $47.65 billion, a PE ratio of -38.57 and a beta of 0.12.

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.