iShares Gold Trust $IAU Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 32.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,349 shares of the exchange traded fund’s stock after acquiring an additional 2,531 shares during the period. Golden State Wealth Management LLC’s holdings in iShares Gold Trust were worth $645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Keener Financial Planning LLC acquired a new stake in iShares Gold Trust in the second quarter valued at about $25,000. Private Wealth Management Group LLC raised its stake in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares in the last quarter. Key Financial Inc purchased a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $28,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $27,000. Finally, Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU stock opened at $74.97 on Friday. The business’s fifty day moving average price is $72.87 and its 200 day moving average price is $66.37. The firm has a market capitalization of $61.78 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $82.55.

iShares Gold Trust Company 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.