Eagle Strategies LLC Reduces Stake in iShares Gold Trust $IAU

Eagle Strategies LLC reduced its position in iShares Gold Trust (NYSEARCA:IAU) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,112 shares of the exchange traded fund’s stock after selling 327 shares during the period. Eagle Strategies LLC’s holdings in iShares Gold Trust were worth $3,312,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IAU. Brighton Jones LLC purchased a new position in iShares Gold Trust in the 4th quarter valued at approximately $1,864,000. Bison Wealth LLC increased its position in iShares Gold Trust by 78.5% during the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after buying an additional 7,379 shares in the last quarter. Wedmont Private Capital purchased a new position in iShares Gold Trust during the first quarter worth $214,000. Pallas Capital Advisors LLC increased its position in iShares Gold Trust by 6.3% during the first quarter. Pallas Capital Advisors LLC now owns 5,086 shares of the exchange traded fund’s stock worth $300,000 after buying an additional 301 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its position in iShares Gold Trust by 15.0% during the first quarter. Wealthcare Advisory Partners LLC now owns 24,783 shares of the exchange traded fund’s stock worth $1,461,000 after buying an additional 3,233 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

iShares Gold Trust stock opened at $76.22 on Thursday. The stock has a fifty day moving average of $67.22 and a two-hundred day moving average of $63.72. The company has a market capitalization of $62.55 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $76.49.

About iShares Gold Trust

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.