MA Private Wealth Buys 14,705 Shares of iShares Gold Trust $IAU

MA Private Wealth boosted its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 10.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 157,758 shares of the exchange traded fund’s stock after purchasing an additional 14,705 shares during the period. iShares Gold Trust comprises about 1.9% of MA Private Wealth’s portfolio, making the stock its 17th biggest holding. MA Private Wealth’s holdings in iShares Gold Trust were worth $11,480,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. MTM Investment Management LLC bought a new stake in iShares Gold Trust in the 2nd quarter valued at about $25,000. Private Wealth Management Group LLC raised its position in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares during the period. Key Financial Inc purchased a new stake in shares of iShares Gold Trust during the 2nd quarter valued at approximately $28,000. Mountain Hill Investment Partners Corp. bought a new position in iShares Gold Trust in the 3rd quarter worth approximately $29,000. Finally, Traub Capital Management LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at $31,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $93.24 on Monday. iShares Gold Trust has a 1 year low of $53.44 and a 1 year high of $104.40. The stock’s fifty day moving average price is $85.69 and its two-hundred day moving average price is $76.14. The company has a market cap of $78.73 billion, a P/E ratio of 5.53 and a beta of 0.09.

Key Stories Impacting iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Featured Articles

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:IAUFree Report).

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.