Wormser Freres Gestion Grows Stock Position in iShares Gold Trust $IAU

Wormser Freres Gestion increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 0.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,960 shares of the exchange traded fund’s stock after purchasing an additional 257 shares during the quarter. iShares Gold Trust makes up approximately 1.3% of Wormser Freres Gestion’s investment portfolio, making the stock its 20th largest position. Wormser Freres Gestion’s holdings in iShares Gold Trust were worth $2,242,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IAU. Smallwood Wealth Investment Management LLC purchased a new stake in shares of iShares Gold Trust during the first quarter worth $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust during the first quarter worth about $27,000. Dunhill Financial LLC grew its stake in iShares Gold Trust by 86.6% during 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 in the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in iShares Gold Trust in the 1st quarter valued at about $29,000. Finally, North Capital Inc. acquired a new stake in iShares Gold Trust in the 1st quarter valued at about $34,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $73.22 on Monday. The stock’s 50 day simple moving average is $66.44 and its 200-day simple moving average is $63.43. The stock has a market cap of $60.09 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $73.43.

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.