WESPAC Advisors LLC Has $1.60 Million Position in iShares Gold Trust $IAU

WESPAC Advisors LLC boosted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 2.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,686 shares of the exchange traded fund’s stock after acquiring an additional 656 shares during the quarter. iShares Gold Trust accounts for approximately 1.1% of WESPAC Advisors LLC’s portfolio, making the stock its 16th largest position. WESPAC Advisors LLC’s holdings in iShares Gold Trust were worth $1,602,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IAU. Diversified Enterprises LLC grew its position in iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 163 shares in the last quarter. Red Mountain Financial LLC grew its position in iShares Gold Trust by 0.4% in the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after purchasing an additional 165 shares in the last quarter. Alpha Cubed Investments LLC grew its position in iShares Gold Trust by 4.0% in the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 168 shares in the last quarter. Mosaic Family Wealth Partners LLC grew its position in iShares Gold Trust by 1.5% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after purchasing an additional 173 shares in the last quarter. Finally, Hoey Investments Inc. grew its position in shares of iShares Gold Trust by 30.4% in the 1st quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock valued at $44,000 after acquiring an additional 175 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of IAU opened at $75.01 on Wednesday. The firm has a 50-day moving average of $66.93 and a 200-day moving average of $63.63. iShares Gold Trust has a one year low of $48.29 and a one year high of $75.20. The company has a market cap of $61.56 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.