Shah Wealth Advisors LLC Takes $26.83 Million Position in iShares Gold Trust $IAU

Shah Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the second quarter, HoldingsChannel reports. The firm purchased 355,328 shares of the exchange traded fund’s stock, valued at approximately $26,831,000. iShares Gold Trust accounts for 6.2% of Shah Wealth Advisors LLC’s portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new stake in iShares Gold Trust in the 4th quarter valued at about $25,000. Monetary Solutions Ltd purchased a new position in iShares Gold Trust during the fourth quarter worth about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in iShares Gold Trust during the first quarter worth about $26,000. Fairway Wealth LLC increased its position in shares of iShares Gold Trust by 525.0% during the first quarter. Fairway Wealth LLC now owns 300 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 252 shares during the last quarter. Finally, Rossby Financial LCC raised its stake in shares of iShares Gold Trust by 75.7% in the 4th quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 140 shares during the period. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $83.39 on Friday. The company’s 50 day simple moving average is $79.73 and its 200-day simple moving average is $84.96. iShares Gold Trust has a 1 year low of $67.35 and a 1 year high of $104.40. The company has a market capitalization of $68.87 billion, a price-to-earnings ratio of 5.53 and a beta of 0.19.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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