Upper Left Wealth Management LLC decreased its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,046 shares of the exchange traded fund’s stock after selling 14,105 shares during the quarter. iShares Gold Trust makes up 8.7% of Upper Left Wealth Management LLC’s investment portfolio, making the stock its largest position. Upper Left Wealth Management LLC’s holdings in iShares Gold Trust were worth $13,036,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $27,000. BankPlus Trust Department purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $27,000. Dunhill Financial LLC increased its position in shares of 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 acquiring an additional 219 shares during the period. Garrison Bradford & Associates Inc. purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $29,000. Finally, North Capital Inc. bought a new stake in shares of iShares Gold Trust during the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
IAU stock opened at $68.68 on Friday. iShares Gold Trust has a 1 year low of $48.11 and a 1 year high of $69.26. The company has a market cap of $52.62 billion, a P/E ratio of 5.53 and a beta of 0.15. The firm has a 50-day moving average of $64.13 and a 200 day moving average of $61.78.
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.
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