Sagespring Wealth Partners LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 5.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 589,730 shares of the exchange traded fund’s stock after buying an additional 29,200 shares during the period. Sagespring Wealth Partners LLC’s holdings in iShares Gold Trust were worth $36,776,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of IAU. Keener Financial Planning LLC acquired a new position in shares of iShares Gold Trust during the second quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of iShares Gold Trust during the first quarter worth about $27,000. BankPlus Trust Department acquired a new position in shares of iShares Gold Trust during the first quarter worth about $27,000. Dunhill Financial LLC boosted its position in shares of 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 period. Finally, Garrison Bradford & Associates Inc. bought a new stake in iShares Gold Trust during the first quarter worth about $29,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Stock Performance
IAU opened at $77.43 on Tuesday. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $77.57. The firm has a market capitalization of $64.00 billion, a PE ratio of 5.53 and a beta of 0.15. The business’s 50-day simple moving average is $68.00 and its 200 day simple moving average is $64.20.
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.
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