Joel Isaacson & Co. LLC increased its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 22.6% during the second quarter, Holdings Channel reports. The firm owned 4,515 shares of the exchange traded fund’s stock after buying an additional 831 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in iShares Gold Trust were worth $282,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of IAU. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at about $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at about $27,000. Dunhill Financial LLC raised its holdings in shares of iShares Gold Trust by 86.6% in the 1st 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 during the period. Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust in the 1st quarter valued at about $29,000. Finally, North Capital Inc. bought a new position in iShares Gold Trust in the 1st quarter valued at about $34,000. 59.67% of the stock is owned by institutional investors.
iShares Gold Trust Stock Up 0.5%
iShares Gold Trust stock opened at $75.01 on Wednesday. The stock has a market cap of $61.56 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 $75.20. The company’s 50-day moving average price is $66.93 and its two-hundred day moving average price is $63.63.
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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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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