Invst LLC Raises Stake in iShares Gold Trust $IAU

Invst LLC raised its position in iShares Gold Trust (NYSEARCA:IAU) by 10.8% in the first quarter, Holdings Channel reports. The fund owned 55,792 shares of the exchange traded fund’s stock after buying an additional 5,418 shares during the period. Invst LLC’s holdings in iShares Gold Trust were worth $3,289,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in iShares Gold Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 245 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in iShares Gold Trust in the first quarter worth approximately $267,000. Kingswood Wealth Advisors LLC lifted its stake in iShares Gold Trust by 192.1% in the first quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after acquiring an additional 59,706 shares during the last quarter. Summit Financial LLC lifted its stake in iShares Gold Trust by 232.6% in the first quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after acquiring an additional 195,640 shares during the last quarter. Finally, TBH Global Asset Management LLC purchased a new position in iShares Gold Trust in the first quarter worth approximately $5,713,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.2%

Shares of iShares Gold Trust stock opened at $68.53 on Friday. iShares Gold Trust has a 52-week low of $47.92 and a 52-week high of $69.26. The company has a 50 day moving average of $64.02 and a 200 day moving average of $61.64. The company has a market capitalization of $52.50 billion, a P/E 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.