LFA Lugano Financial Advisors SA Acquires New Holdings in iShares Gold Trust $IAU

LFA Lugano Financial Advisors SA bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,071 shares of the exchange traded fund’s stock, valued at approximately $129,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC grew its holdings in iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares in the last quarter. WealthNavi Inc. raised its stake in iShares Gold Trust by 8.6% during 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 in the last quarter. Ameriprise Financial Inc. boosted its position in iShares Gold Trust by 10.5% during the 1st 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 period. Truist Financial Corp boosted its position in iShares Gold Trust by 14.4% during the 2nd 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 stake 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 worth $278,199,000 after purchasing an additional 414,584 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $75.43 on Friday. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The stock’s fifty day moving average is $73.08 and its 200-day moving average is $66.46. The firm has a market capitalization of $62.16 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.