Midwest Trust Co acquired a new stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 151,481 shares of the exchange traded fund’s stock, valued at approximately $9,446,000.
Several other hedge funds have also made changes to their positions in IAU. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the second quarter valued at about $25,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC grew its holdings in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares in the last quarter. Key Financial Inc acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust during the first quarter valued at approximately $29,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 0.6%
Shares of NYSEARCA IAU opened at $75.43 on Monday. The firm has a market capitalization of $62.16 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The business has a fifty day simple moving average of $73.08 and a 200 day simple moving average of $66.49.
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.
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