Madison Wealth Partners Inc Increases Stock Holdings in iShares Gold Trust $IAU

Madison Wealth Partners Inc lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,313 shares of the exchange traded fund’s stock after acquiring an additional 344 shares during the quarter. Madison Wealth Partners Inc’s holdings in iShares Gold Trust were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in IAU. GAMMA Investing LLC lifted its position in shares of iShares Gold Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after acquiring an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Gold Trust in the first quarter worth $267,000. McAdam LLC boosted its position in shares of iShares Gold Trust by 4.6% in the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after buying an additional 341 shares during the period. Summit Financial LLC grew its holdings in iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after purchasing an additional 195,640 shares in the last quarter. Finally, Euro Pacific Asset Management LLC lifted its stake in shares of iShares Gold Trust by 36.9% in the second quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock worth $565,000 after acquiring an additional 2,441 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 1.9%

Shares of iShares Gold Trust stock opened at $79.63 on Monday. The firm has a market cap of $66.22 billion, a P/E ratio of 5.53 and a beta of 0.15. The business has a 50-day moving average price of $69.25 and a 200 day moving average price of $64.78. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $81.34.

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.