BCGM Wealth Management LLC Has $3.31 Million Stake in iShares Gold Trust $IAU

BCGM Wealth Management LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 4.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 53,127 shares of the exchange traded fund’s stock after purchasing an additional 2,164 shares during the period. BCGM Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IAU. Keener Financial Planning LLC acquired a new position in iShares Gold Trust in the 2nd quarter worth approximately $25,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Private Wealth Management Group LLC boosted its stake in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 320 shares during the period. Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $29,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $39,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.5%

Shares of NYSEARCA:IAU opened at $75.39 on Monday. The firm has a fifty day moving average of $71.99 and a two-hundred day moving average of $66.07. The firm has a market capitalization of $62.17 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55.

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.