Capital Investment Advisors LLC Raises Position in iShares Gold Trust $IAU

Capital Investment Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,115 shares of the exchange traded fund’s stock after buying an additional 1,200 shares during the quarter. Capital Investment Advisors LLC’s holdings in iShares Gold Trust were worth $1,067,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC boosted its holdings in iShares Gold Trust by 4.4% in the 2nd quarter. HB Wealth Management LLC now owns 204,655 shares of the exchange traded fund’s stock worth $12,762,000 after acquiring an additional 8,621 shares during the period. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of iShares Gold Trust during the second quarter worth $255,000. GC Wealth Management RIA LLC boosted its stake in shares of iShares Gold Trust by 222.7% in the second quarter. GC Wealth Management RIA LLC now owns 11,047 shares of the exchange traded fund’s stock valued at $689,000 after purchasing an additional 7,624 shares during the period. ERn Financial LLC purchased a new position in shares of iShares Gold Trust in the second quarter valued at $1,033,000. Finally, Sound Income Strategies LLC increased its stake in iShares Gold Trust by 35.3% during the second quarter. Sound Income Strategies LLC now owns 5,649 shares of the exchange traded fund’s stock valued at $352,000 after purchasing an additional 1,473 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $72.88 on Thursday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $73.09. The firm’s 50-day moving average is $66.05 and its 200-day moving average is $63.13. The company has a market cap of $55.84 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.