iShares Gold Trust $IAU is Well Done LLC’s 8th Largest Position

Well Done LLC decreased its stake in iShares Gold Trust (NYSEARCA:IAU) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,691 shares of the exchange traded fund’s stock after selling 6,092 shares during the period. iShares Gold Trust accounts for 1.8% of Well Done LLC’s investment portfolio, making the stock its 8th largest holding. Well Done LLC’s holdings in iShares Gold Trust were worth $9,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IAU. Alpha Cubed Investments LLC increased its position in shares of iShares Gold Trust by 4.0% during the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 168 shares in the last quarter. Mosaic Family Wealth Partners LLC boosted its position in shares of iShares Gold Trust by 1.5% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after purchasing an additional 173 shares during the period. Hoey Investments Inc. grew its stake in iShares Gold Trust by 30.4% during the 1st quarter. Hoey Investments Inc. now owns 750 shares of the exchange traded fund’s stock worth $44,000 after buying an additional 175 shares during the last quarter. Trust Point Inc. grew its stake in iShares Gold Trust by 0.5% during the 1st quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock worth $2,278,000 after buying an additional 176 shares during the last quarter. Finally, Quattro Financial Advisors LLC increased its position in iShares Gold Trust by 4.7% during the first quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 183 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Down 0.9%

Shares of NYSEARCA IAU opened at $70.29 on Thursday. The stock has a market cap of $53.85 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $71.40. The stock has a 50 day moving average of $65.24 and a two-hundred day moving average of $62.56.

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.