iShares Gold Trust $IAU Shares Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 54.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,978 shares of the exchange traded fund’s stock after purchasing an additional 9,827 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $2,113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at approximately $25,000. Rossby Financial LCC increased its position in shares of iShares Gold Trust by 75.7% during the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Monetary Solutions Ltd purchased a new stake in shares of iShares Gold Trust during the fourth quarter worth approximately $26,000. Merkkuri Wealth Advisors LLC acquired a new position in iShares Gold Trust in the 1st quarter valued at $26,000. Finally, Fairway Wealth LLC raised its stake in iShares Gold Trust by 525.0% in the 1st quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 252 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $82.51 on Tuesday. iShares Gold Trust has a fifty-two week low of $62.48 and a fifty-two week high of $104.40. The stock’s fifty day moving average is $78.06 and its two-hundred day moving average is $86.24. The firm has a market capitalization of $68.15 billion, a P/E ratio of 5.53 and a beta of 0.18.

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).