9,902 Shares in iShares Gold Trust $IAU Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,902 shares of the exchange traded fund’s stock, valued at approximately $617,000.

Other hedge funds also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in iShares Gold Trust in the first quarter valued at $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust during the 1st quarter worth about $27,000. Dunhill Financial LLC grew its position in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after buying an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares Gold Trust in the first quarter valued at about $29,000. Finally, North Capital Inc. acquired a new stake in shares of iShares Gold Trust in the first quarter valued at about $34,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $74.62 on Tuesday. The business has a 50-day moving average of $66.68 and a 200-day moving average of $63.55. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $74.80.

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.