Trek Financial LLC Buys 61,956 Shares of iShares Gold Trust $IAU

Trek Financial LLC increased its stake in iShares Gold Trust (NYSEARCA:IAU) by 49.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,291 shares of the exchange traded fund’s stock after acquiring an additional 61,956 shares during the period. Trek Financial LLC’s holdings in iShares Gold Trust were worth $11,679,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. 1832 Asset Management L.P. boosted its stake in shares of iShares Gold Trust by 65.3% during the second quarter. 1832 Asset Management L.P. now owns 1,089,365 shares of the exchange traded fund’s stock valued at $67,933,000 after purchasing an additional 430,433 shares during the period. Plan Group Financial LLC boosted its position in iShares Gold Trust by 4.1% during the 2nd quarter. Plan Group Financial LLC now owns 55,146 shares of the exchange traded fund’s stock valued at $3,439,000 after buying an additional 2,194 shares during the period. JT Stratford LLC grew its holdings in iShares Gold Trust by 26.2% in the 2nd quarter. JT Stratford LLC now owns 13,337 shares of the exchange traded fund’s stock worth $832,000 after acquiring an additional 2,767 shares during the last quarter. Elios Financial Group Inc. purchased a new position in shares of iShares Gold Trust in the second quarter valued at about $219,000. Finally, M&T Bank Corp raised its stake in shares of iShares Gold Trust by 4.2% during the second quarter. M&T Bank Corp now owns 300,016 shares of the exchange traded fund’s stock valued at $18,709,000 after acquiring an additional 12,144 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Down 0.7%

iShares Gold Trust stock opened at $79.29 on Wednesday. The firm has a market cap of $65.34 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1-year low of $48.83 and a 1-year high of $82.55. The firm has a 50-day moving average of $76.27 and a 200-day moving average of $68.39.

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.