Hazlett Burt & Watson Inc. Raises Stock Position in iShares Gold Trust $IAU

Hazlett Burt & Watson Inc. boosted its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.7% during the second quarter, Holdings Channel.com reports. The firm owned 4,557 shares of the exchange traded fund’s stock after buying an additional 686 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in iShares Gold Trust were worth $280,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IAU. Brighton Jones LLC purchased a new position in iShares Gold Trust during the fourth quarter worth about $1,864,000. Bison Wealth LLC raised its stake in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after purchasing an additional 7,379 shares during the period. GAMMA Investing LLC raised its stake in iShares Gold Trust by 17.6% during the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 245 shares during the period. Fifth Third Bancorp raised its stake in iShares Gold Trust by 23.4% during the first quarter. Fifth Third Bancorp now owns 5,586 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 1,058 shares during the period. Finally, Elevation Point Wealth Partners LLC raised its stake in shares of iShares Gold Trust by 75.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 10,923 shares of the exchange traded fund’s stock valued at $644,000 after acquiring an additional 4,693 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $75.58 on Monday. The company’s 50 day simple moving average is $67.72 and its 200-day simple moving average is $64.06. The company has a market capitalization of $62.47 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 $76.49.

iShares Gold Trust Company 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.