LRI Investments LLC Buys 3,847 Shares of iShares Gold Trust $IAU

LRI Investments LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 142.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,548 shares of the exchange traded fund’s stock after acquiring an additional 3,847 shares during the quarter. LRI Investments LLC’s holdings in iShares Gold Trust were worth $408,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Diversified Enterprises LLC boosted its position in iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 163 shares in the last quarter. Red Mountain Financial LLC raised its stake in shares of iShares Gold Trust by 0.4% during the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after acquiring an additional 165 shares during the last quarter. Alpha Cubed Investments LLC raised its stake 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 valued at $255,000 after acquiring an additional 168 shares during the last quarter. Mosaic Family Wealth Partners LLC raised its stake in shares of iShares Gold Trust by 1.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock valued at $669,000 after acquiring an additional 173 shares during the last quarter. Finally, Trust Point Inc. raised its stake in shares of iShares Gold Trust by 0.5% during the first quarter. Trust Point Inc. now owns 38,635 shares of the exchange traded fund’s stock valued at $2,278,000 after acquiring an additional 176 shares during the last quarter. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $75.58 on Monday. The company has a fifty day moving average price of $67.72 and a 200-day moving average price of $64.06. The company has a market capitalization of $62.47 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $76.49.

iShares Gold Trust Company 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.