iShares Gold Trust $IAU Stock Acquired by Trek Financial LLC

Trek Financial LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 132.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,746 shares of the exchange traded fund’s stock after acquiring an additional 62,542 shares during the period. Trek Financial LLC’s holdings in iShares Gold Trust were worth $8,571,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in iShares Gold Trust in the 2nd quarter worth approximately $76,854,000. Crcm LP increased its stake in shares of iShares Gold Trust by 73.7% during the first quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock valued at $111,125,000 after purchasing an additional 530,148 shares in the last quarter. Eurizon Asset Management Hungary Ltd. bought a new position in iShares Gold Trust during the 1st quarter valued at approximately $42,494,000. Hamilton Wealth LLC boosted its holdings in iShares Gold Trust by 170.8% in the first quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock worth $65,431,000 after acquiring an additional 468,115 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of iShares Gold Trust by 1,641.4% in the first quarter. Fifth Third Bancorp now owns 380,997 shares of the exchange traded fund’s stock worth $33,589,000 after acquiring an additional 359,118 shares during the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $72.92 on Monday. iShares Gold Trust has a 1-year low of $72.71 and a 1-year high of $104.40. The business has a fifty day moving average price of $80.07 and a 200-day moving average price of $84.62. The company has a market capitalization of $57.50 billion, a PE ratio of 5.53 and a beta of 0.18.

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. 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).