Clear Creek Financial Management LLC Grows Position in iShares Gold Trust $IAU

Clear Creek Financial Management LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 546.7% in the second quarter, Holdings Channel.com reports. The firm owned 88,640 shares of the exchange traded fund’s stock after purchasing an additional 74,933 shares during the quarter. Clear Creek Financial Management LLC’s holdings in iShares Gold Trust were worth $5,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IAU. Brighton Jones LLC bought a new stake in iShares Gold Trust during the 4th quarter valued at about $1,864,000. Bison Wealth LLC lifted its holdings in 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 valued at $831,000 after buying an additional 7,379 shares in the last quarter. Wedmont Private Capital bought a new stake in iShares Gold Trust during the 1st quarter valued at about $214,000. Pallas Capital Advisors LLC lifted its holdings in 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 valued at $300,000 after buying an additional 301 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its holdings in 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 valued at $1,461,000 after buying an additional 3,233 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $76.22 on Thursday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $76.49. The company has a 50-day moving average of $67.22 and a 200 day moving average of $63.72. The firm has a market capitalization of $62.55 billion, a price-to-earnings 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.