Mission Wealth Management LP Has $1.02 Million Position in iShares Gold Trust $IAU

Mission Wealth Management LP raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 11.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,317 shares of the exchange traded fund’s stock after buying an additional 1,715 shares during the period. Mission Wealth Management LP’s holdings in iShares Gold Trust were worth $1,018,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IAU. Keener Financial Planning LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter valued at $25,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust during the 1st quarter valued at $27,000. Private Wealth Management Group LLC boosted its stake in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares in the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares Gold Trust during the first quarter valued at about $29,000. Finally, Cloud Capital Management LLC acquired a new stake in shares of iShares Gold Trust during the first quarter valued at about $39,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 0.2%

Shares of IAU stock opened at $75.54 on Tuesday. The business’s 50-day moving average price is $72.23 and its 200-day moving average price is $66.17. iShares Gold Trust has a 12 month low of $48.29 and a 12 month high of $82.55. The firm has a market capitalization of $62.29 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.