ERn Financial LLC Purchases New Stake in iShares Gold Trust $IAU

ERn Financial LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 16,564 shares of the exchange traded fund’s stock, valued at approximately $1,033,000.

Several other hedge funds have also added to or reduced their stakes in IAU. Sound Income Strategies LLC lifted its stake in iShares Gold Trust by 35.3% in the second quarter. Sound Income Strategies LLC now owns 5,649 shares of the exchange traded fund’s stock valued at $352,000 after buying an additional 1,473 shares during the period. Global Trust Asset Management LLC lifted its stake in iShares Gold Trust by 7.0% in the second quarter. Global Trust Asset Management LLC now owns 4,600 shares of the exchange traded fund’s stock valued at $287,000 after buying an additional 300 shares during the period. Beacon Capital Management LLC lifted its stake in iShares Gold Trust by 48.5% in the second quarter. Beacon Capital Management LLC now owns 750 shares of the exchange traded fund’s stock valued at $47,000 after buying an additional 245 shares during the period. Flywheel Private Wealth LLC lifted its stake in iShares Gold Trust by 1.5% in the second quarter. Flywheel Private Wealth LLC now owns 32,405 shares of the exchange traded fund’s stock valued at $2,021,000 after buying an additional 465 shares during the period. Finally, Sage Rhino Capital LLC lifted its stake in iShares Gold Trust by 7.9% in the second quarter. Sage Rhino Capital LLC now owns 321,686 shares of the exchange traded fund’s stock valued at $20,060,000 after buying an additional 23,512 shares during the period. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.6%

NYSEARCA:IAU opened at $70.99 on Monday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $71.40. The business’s 50-day moving average price is $65.55 and its two-hundred day moving average price is $62.88. The firm has a market capitalization of $54.39 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.