Westover Capital Advisors LLC Acquires 9,396 Shares of iShares Gold Trust $IAU

Westover Capital Advisors LLC increased its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,194 shares of the exchange traded fund’s stock after purchasing an additional 9,396 shares during the period. Westover Capital Advisors LLC’s holdings in iShares Gold Trust were worth $3,941,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dorsey & Whitney Trust CO LLC acquired a new stake in iShares Gold Trust during the 2nd quarter worth approximately $210,000. Mosaic Family Wealth Partners LLC raised its stake in shares of iShares Gold Trust by 27.0% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 14,407 shares of the exchange traded fund’s stock valued at $898,000 after purchasing an additional 3,062 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in iShares Gold Trust by 107.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 173,675 shares of the exchange traded fund’s stock worth $10,830,000 after acquiring an additional 89,875 shares during the last quarter. Citigroup Inc. grew its stake in shares of iShares Gold Trust by 809.1% during the 2nd quarter. Citigroup Inc. now owns 5,108,818 shares of the exchange traded fund’s stock worth $318,586,000 after acquiring an additional 4,546,835 shares in the last quarter. Finally, Sofi Wealth LLC acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $6,881,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 1.1%

iShares Gold Trust stock opened at $76.11 on Tuesday. The company has a fifty day simple moving average of $74.35 and a 200 day simple moving average of $67.14. iShares Gold Trust has a 1-year low of $48.83 and a 1-year high of $82.55. The company has a market cap of $62.72 billion, a P/E ratio of 5.53 and a beta of 0.09.

About iShares Gold Trust

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.