Rochester Wealth Strategies LLC Has $6.50 Million Stake in iShares Gold Trust $IAU

Rochester Wealth Strategies LLC lowered its position in iShares Gold Trust (NYSEARCA:IAU) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,277 shares of the exchange traded fund’s stock after selling 5,922 shares during the quarter. iShares Gold Trust makes up about 4.7% of Rochester Wealth Strategies LLC’s portfolio, making the stock its 8th biggest position. Rochester Wealth Strategies LLC’s holdings in iShares Gold Trust were worth $6,503,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of iShares Gold Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in iShares Gold Trust during the 1st quarter worth about $267,000. Kingswood Wealth Advisors LLC increased its position in iShares Gold Trust by 192.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock valued at $5,344,000 after purchasing an additional 59,706 shares during the period. McAdam LLC raised its holdings in shares of iShares Gold Trust by 4.6% in the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after purchasing an additional 341 shares in the last quarter. Finally, Summit Financial LLC raised its holdings in shares of iShares Gold Trust by 232.6% in the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after purchasing an additional 195,640 shares in 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 $73.22 on Monday. The firm’s 50 day moving average price is $66.44 and its 200-day moving average price is $63.43. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $73.43. The company has a market cap of $60.09 billion, a PE 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.