Bogart Wealth LLC Grows Stake in iShares Gold Trust (NYSEARCA:IAU)

Bogart Wealth LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,012 shares of the exchange traded fund’s stock after purchasing an additional 200 shares during the period. Bogart Wealth LLC’s holdings in iShares Gold Trust were worth $649,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IAU. Tucker Asset Management LLC grew its position 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 valued at $25,000 after purchasing an additional 263 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust during the 1st quarter worth $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust during the 1st quarter worth $27,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of iShares Gold Trust during the 4th quarter worth $28,000. Finally, Dunhill Financial LLC lifted its holdings in shares of iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $63.05 on Tuesday. iShares Gold Trust has a 52-week low of $44.46 and a 52-week high of $65.00. The company has a market capitalization of $47.63 billion, a P/E ratio of 5.53 and a beta of 0.15. The company has a fifty day moving average of $62.73 and a 200-day moving average of $58.21.

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.