BCGM Wealth Management LLC Has $3.31 Million Holdings in iShares Gold Trust $IAU

BCGM Wealth Management LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,127 shares of the exchange traded fund’s stock after purchasing an additional 2,164 shares during the period. BCGM Wealth Management LLC’s holdings in iShares Gold Trust were worth $3,313,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of Montreal Can lifted its stake in shares of iShares Gold Trust by 23.1% in the 2nd quarter. Bank of Montreal Can now owns 974,903 shares of the exchange traded fund’s stock valued at $60,795,000 after purchasing an additional 182,626 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of iShares Gold Trust by 3.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 13,634 shares of the exchange traded fund’s stock valued at $850,000 after purchasing an additional 443 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of iShares Gold Trust by 6.9% in the 2nd quarter. Sigma Planning Corp now owns 206,654 shares of the exchange traded fund’s stock valued at $12,887,000 after purchasing an additional 13,294 shares during the last quarter. 5T Wealth LLC lifted its stake in shares of iShares Gold Trust by 10.8% in the 2nd quarter. 5T Wealth LLC now owns 27,917 shares of the exchange traded fund’s stock valued at $1,741,000 after purchasing an additional 2,722 shares during the last quarter. Finally, Mission Wealth Management LP lifted its stake in shares of iShares Gold Trust by 11.7% in the 2nd quarter. Mission Wealth Management LP now owns 16,317 shares of the exchange traded fund’s stock valued at $1,018,000 after purchasing an additional 1,715 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of IAU opened at $75.39 on Monday. The company has a market capitalization of $62.17 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The company’s fifty day moving average price is $71.99 and its 200 day moving average price is $66.07.

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.