Prime Capital Investment Advisors LLC Increases Holdings in iShares Gold Trust $IAU

Prime Capital Investment Advisors LLC increased its position in iShares Gold Trust (NYSEARCA:IAU) by 16.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 298,223 shares of the exchange traded fund’s stock after buying an additional 42,066 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares Gold Trust were worth $18,597,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust during the 1st quarter valued at $27,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust during the first quarter valued at about $27,000. Dunhill Financial LLC lifted its stake in shares of iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. purchased a new stake in iShares Gold Trust during the 1st quarter valued at about $29,000. Finally, North Capital Inc. purchased a new position in iShares Gold Trust in the 1st quarter worth approximately $34,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $73.22 on Monday. The business has a 50 day moving average price of $66.44 and a 200-day moving average price of $63.43. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $73.43. The firm has a market cap of $60.09 billion, a PE ratio of 5.53 and a beta of 0.15.

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.