Blue Investment Partners LLC Purchases 2,419 Shares of iShares Gold Trust $IAU

Blue Investment Partners LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 86,111 shares of the exchange traded fund’s stock after purchasing an additional 2,419 shares during the period. iShares Gold Trust accounts for 1.9% of Blue Investment Partners LLC’s investment portfolio, making the stock its 18th largest holding. Blue Investment Partners LLC’s holdings in iShares Gold Trust were worth $5,370,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC lifted its stake in shares of iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after buying an additional 2,552,405 shares in the last quarter. Mainstay Capital Management LLC ADV increased its stake in iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after buying an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH bought a new stake in iShares Gold Trust during the first quarter valued at about $68,629,000. Charles Schwab Investment Management Inc. raised its holdings in iShares Gold Trust by 1,357.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after acquiring an additional 913,987 shares during the period. Finally, Truist Financial Corp lifted its position in shares of iShares Gold Trust by 14.4% in the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock valued at $342,384,000 after acquiring an additional 692,844 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Trading Up 1.1%

NYSEARCA:IAU opened at $75.05 on Thursday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The stock has a 50-day moving average price of $72.66 and a 200 day moving average price of $66.31. The stock has a market capitalization of $61.85 billion, a P/E ratio of 5.53 and a beta of 0.09.

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.