Vestmark Advisory Solutions Inc. Buys 473,673 Shares of iShares Gold Trust $IAU

Vestmark Advisory Solutions Inc. increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 4,431.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 484,363 shares of the exchange traded fund’s stock after acquiring an additional 473,673 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in iShares Gold Trust were worth $30,205,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IAU. Keener Financial Planning LLC purchased a new stake in shares of iShares Gold Trust during the second quarter valued at approximately $25,000. BankPlus Trust Department bought a new stake in iShares Gold Trust during the 1st quarter valued at $27,000. Private Wealth Management Group LLC raised its holdings in 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 valued at $27,000 after buying an additional 320 shares during the last quarter. Key Financial Inc purchased a new stake in iShares Gold Trust during the 2nd quarter valued at $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust in the 1st quarter worth $29,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 0.3%

IAU stock opened at $75.18 on Friday. The stock has a market capitalization of $61.95 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The firm’s 50-day moving average price is $72.87 and its two-hundred day moving average price is $66.37. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55.

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.