Sax Wealth Advisors LLC Has $1.35 Million Stock Position in iShares Gold Trust $IAU

Sax Wealth Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 21,604 shares of the exchange traded fund’s stock after buying an additional 436 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,347,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of IAU. Brighton Jones LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $1,864,000. Bison Wealth LLC grew its position in shares of iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 7,379 shares in the last quarter. Wedmont Private Capital acquired a new position in shares of iShares Gold Trust during the 1st quarter worth approximately $214,000. Pallas Capital Advisors LLC grew its position in shares of iShares Gold Trust by 6.3% during the 1st quarter. Pallas Capital Advisors LLC now owns 5,086 shares of the exchange traded fund’s stock worth $300,000 after purchasing an additional 301 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of iShares Gold Trust by 15.0% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 24,783 shares of the exchange traded fund’s stock worth $1,461,000 after purchasing an additional 3,233 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.6%

Shares of NYSEARCA:IAU opened at $76.22 on Thursday. The company’s 50 day moving average price is $67.22 and its two-hundred day moving average price is $63.72. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $76.49. The firm has a market cap of $62.55 billion, a PE ratio of 5.53 and a beta of 0.15.

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.