Silverlake Wealth Management LLC Increases Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Silverlake Wealth Management LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,279 shares of the exchange traded fund’s stock after acquiring an additional 3,331 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares Gold Trust were worth $1,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust in the first quarter valued at about $27,000. Dunhill Financial LLC grew its holdings in iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares in the last quarter. Tucker Asset Management LLC grew its holdings in shares of iShares Gold Trust by 106.9% during the 4th quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 263 shares during the period. Marshall & Sterling Wealth Advisors Inc. purchased a new position in iShares Gold Trust during the 4th quarter valued at about $28,000. Finally, North Capital Inc. purchased a new position in shares of iShares Gold Trust in the 1st quarter valued at about $34,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $62.26 on Wednesday. The business has a 50 day simple moving average of $62.64 and a 200-day simple moving average of $57.78. The stock has a market capitalization of $46.91 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 12 month low of $44.40 and a 12 month high of $65.00.

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.