LRI Investments LLC increased its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 142.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,548 shares of the exchange traded fund’s stock after buying an additional 3,847 shares during the period. LRI Investments LLC’s holdings in iShares Gold Trust were worth $408,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of IAU. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the second quarter worth $25,000. Smallwood Wealth Investment Management LLC bought a new position in iShares Gold Trust during the first quarter worth $27,000. BankPlus Trust Department bought a new position in iShares Gold Trust during the first quarter worth $27,000. Dunhill Financial LLC raised its stake in iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the first quarter worth $29,000. Institutional investors own 59.67% of the company’s stock.
iShares Gold Trust Trading Up 1.0%
NYSEARCA:IAU opened at $75.58 on Monday. The stock has a market capitalization of $62.47 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The firm has a fifty day simple moving average of $67.72 and a two-hundred day simple moving average of $64.06. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $76.49.
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.
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Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
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