Keystone Wealth Services LLC Grows Stake in iShares Gold Trust $IAU

Keystone Wealth Services LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 75.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,628 shares of the exchange traded fund’s stock after acquiring an additional 8,852 shares during the period. Keystone Wealth Services LLC’s holdings in iShares Gold Trust were worth $1,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in iShares Gold Trust in the fourth quarter worth about $1,864,000. Bison Wealth LLC lifted its stake in iShares Gold Trust by 78.5% in 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 last quarter. Quantinno Capital Management LP lifted its stake in iShares Gold Trust by 12.8% in the fourth quarter. Quantinno Capital Management LP now owns 22,431 shares of the exchange traded fund’s stock worth $1,111,000 after purchasing an additional 2,543 shares during the last quarter. Williams Jones Wealth Management LLC. lifted its stake in iShares Gold Trust by 73.1% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 151,084 shares of the exchange traded fund’s stock worth $7,480,000 after purchasing an additional 63,778 shares during the last quarter. Finally, Waverly Advisors LLC lifted its stake in iShares Gold Trust by 53.6% in the fourth quarter. Waverly Advisors LLC now owns 14,768 shares of the exchange traded fund’s stock worth $731,000 after purchasing an additional 5,154 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $69.54 on Wednesday. The company has a market cap of $53.28 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1 year low of $48.11 and a 1 year high of $69.79. The firm has a 50-day simple moving average of $64.41 and a two-hundred day simple moving average of $61.99.

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.