AE Wealth Management LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 21.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,231 shares of the exchange traded fund’s stock after purchasing an additional 32,165 shares during the period. AE Wealth Management LLC’s holdings in iShares Gold Trust were worth $8,005,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Private Ocean LLC acquired a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. Pingora Partners LLC acquired a new stake in iShares Gold Trust in the fourth quarter valued at $31,000. Global Trust Asset Management LLC increased its position in shares of iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth $31,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of iShares Gold Trust in the 1st quarter worth about $33,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.
iShares Gold Trust Price Performance
Shares of NYSEARCA IAU opened at $49.52 on Friday. The company’s 50-day moving average price is $46.79 and its 200 day moving average price is $44.75. iShares Gold Trust has a 52 week low of $34.35 and a 52 week high of $49.60.
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.
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