Spinnaker Trust Has $27.34 Million Holdings in iShares Gold Trust $IAU

Spinnaker Trust increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 438,429 shares of the exchange traded fund’s stock after purchasing an additional 6,486 shares during the period. iShares Gold Trust makes up approximately 1.6% of Spinnaker Trust’s holdings, making the stock its 11th largest position. Spinnaker Trust owned 0.06% of iShares Gold Trust worth $27,340,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Diversified Enterprises LLC lifted its position in shares of iShares Gold Trust by 4.6% during the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock worth $230,000 after purchasing an additional 163 shares during the last quarter. Red Mountain Financial LLC lifted its position in shares of iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock worth $2,888,000 after purchasing an additional 165 shares during the last quarter. Alpha Cubed Investments LLC lifted its position in shares of iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 168 shares during the last quarter. New Hampshire Trust lifted its position in shares of iShares Gold Trust by 4.2% during the 2nd quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after purchasing an additional 171 shares during the last quarter. Finally, Mosaic Family Wealth Partners LLC lifted its position in shares of iShares Gold Trust by 1.5% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 173 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

NYSEARCA IAU opened at $74.31 on Thursday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $82.55. The stock has a market capitalization of $61.52 billion, a PE ratio of 5.53 and a beta of 0.09. The stock has a 50-day simple moving average of $71.50 and a 200 day simple moving average of $65.84.

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.