Perennial Investment Advisors LLC Boosts Stake in iShares Gold Trust $IAU

Perennial Investment Advisors LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 18.2% in the 2nd quarter, Holdings Channel reports. The fund owned 61,169 shares of the exchange traded fund’s stock after buying an additional 9,398 shares during the quarter. Perennial Investment Advisors LLC’s holdings in iShares Gold Trust were worth $3,815,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at about $25,000. MTM Investment Management LLC bought a new position in iShares Gold Trust during the second quarter valued at approximately $25,000. Private Wealth Management Group LLC raised its stake in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares in the last quarter. Key Financial Inc bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $28,000. Finally, Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares Gold Trust in the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.1%

Shares of NYSEARCA:IAU opened at $76.11 on Tuesday. The stock has a market cap of $62.72 billion, a PE ratio of 5.53 and a beta of 0.09. The company’s fifty day moving average is $74.35 and its 200 day moving average is $67.14. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55.

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.