Ameritas Advisory Services LLC boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 16.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,399 shares of the exchange traded fund’s stock after purchasing an additional 7,780 shares during the period. Ameritas Advisory Services LLC’s holdings in iShares Gold Trust were worth $3,392,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in iShares Gold Trust during the first quarter worth about $27,000. BankPlus Trust Department purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $27,000. Dunhill Financial LLC raised its stake in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares during the period. Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $29,000. Finally, North Capital Inc. purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $34,000. 59.67% of the stock is owned by hedge funds and other institutional investors.
iShares Gold Trust Stock Performance
iShares Gold Trust stock opened at $72.65 on Friday. The company’s 50 day simple moving average is $66.23 and its 200-day simple moving average is $63.24. The company has a market capitalization of $59.35 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $73.43.
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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