Pekin Hardy Strauss Inc. Acquires 1,463 Shares of iShares Gold Trust $IAU

Pekin Hardy Strauss Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 96,656 shares of the exchange traded fund’s stock after buying an additional 1,463 shares during the period. Pekin Hardy Strauss Inc.’s holdings in iShares Gold Trust were worth $6,027,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its holdings in iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares during the last quarter. WealthNavi Inc. raised its holdings in iShares Gold Trust by 8.6% in the 2nd quarter. WealthNavi Inc. now owns 6,571,130 shares of the exchange traded fund’s stock valued at $409,776,000 after acquiring an additional 521,530 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Gold Trust by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 6,467,599 shares of the exchange traded fund’s stock worth $381,929,000 after acquiring an additional 616,559 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after acquiring an additional 692,844 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Gold Trust by 9.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,718,436 shares of the exchange traded fund’s stock valued at $278,199,000 after purchasing an additional 414,584 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Trading Down 0.1%

NYSEARCA:IAU opened at $74.97 on Friday. The stock has a 50 day simple moving average of $72.87 and a 200 day simple moving average of $66.37. The stock has a market cap of $61.78 billion, a P/E 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.