Mission Wealth Management LP Boosts Stake in iShares Gold Trust (NYSEARCA:IAU)

Mission Wealth Management LP lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 44.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,602 shares of the exchange traded fund’s stock after buying an additional 4,476 shares during the period. Mission Wealth Management LP’s holdings in iShares Gold Trust were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IAU. Tucker Asset Management LLC lifted its stake in shares of iShares Gold Trust by 106.9% in the fourth quarter. Tucker Asset Management LLC now owns 509 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 263 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of iShares Gold Trust in the fourth quarter worth about $28,000. Wintrust Investments LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter worth about $29,000. Wood Tarver Financial Group LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter worth about $31,000. Finally, Orion Capital Management LLC purchased a new position in shares of iShares Gold Trust in the fourth quarter worth about $33,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 0.0%

NYSEARCA:IAU opened at $63.82 on Wednesday. iShares Gold Trust has a twelve month low of $43.35 and a twelve month high of $65.00. The company has a market cap of $46.97 billion, a P/E ratio of -38.57 and a beta of 0.12. The company’s 50-day moving average price is $62.38 and its 200-day moving average price is $56.43.

iShares Gold Trust 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.