Motco Increases Stake in iShares Gold Trust $IAU

Motco increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1.1% in the second quarter, Holdings Channel.com reports. The firm owned 78,571 shares of the exchange traded fund’s stock after acquiring an additional 869 shares during the period. Motco’s holdings in iShares Gold Trust were worth $4,872,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in iShares Gold Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 245 shares during the last quarter. McAdam LLC raised its holdings in iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after buying an additional 341 shares during the last quarter. Summit Financial LLC raised its holdings in iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after buying an additional 195,640 shares during the last quarter. Euro Pacific Asset Management LLC raised its holdings in iShares Gold Trust by 36.9% during the 2nd quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock valued at $565,000 after buying an additional 2,441 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in iShares Gold Trust by 105.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 316,716 shares of the exchange traded fund’s stock valued at $18,674,000 after buying an additional 162,279 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 0.7%

NYSEARCA:IAU opened at $74.59 on Wednesday. The company has a fifty day moving average of $71.27 and a 200 day moving average of $65.75. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55. The firm has a market capitalization of $61.75 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.