Forza Wealth Management LLC Has $14.24 Million Holdings in iShares Gold Trust $IAU

Forza Wealth Management LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 228,311 shares of the exchange traded fund’s stock after purchasing an additional 320 shares during the quarter. iShares Gold Trust accounts for 5.8% of Forza Wealth Management LLC’s portfolio, making the stock its biggest position. Forza Wealth Management LLC’s holdings in iShares Gold Trust were worth $14,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of IAU. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust during the first quarter worth approximately $27,000. BankPlus Trust Department bought a new stake in iShares Gold Trust in the first quarter valued at approximately $27,000. Dunhill Financial LLC increased its stake in iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust in the first quarter valued at approximately $29,000. Finally, North Capital Inc. bought a new stake in iShares Gold Trust in the first quarter valued at approximately $34,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $72.77 on Wednesday. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $72.79. The company has a market capitalization of $55.75 billion, a PE ratio of 5.53 and a beta of 0.15. The company has a 50 day moving average price of $65.87 and a two-hundred day moving average price of $63.06.

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.