iShares Gold Trust $IAU is WESCAP Management Group Inc.’s 4th Largest Position

WESCAP Management Group Inc. grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 420,306 shares of the exchange traded fund’s stock after purchasing an additional 45,443 shares during the quarter. iShares Gold Trust accounts for 6.0% of WESCAP Management Group Inc.’s investment portfolio, making the stock its 4th biggest position. WESCAP Management Group Inc. owned 0.06% of iShares Gold Trust worth $26,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Keener Financial Planning LLC acquired a new stake in iShares Gold Trust in the second quarter valued at approximately $25,000. Private Wealth Management Group LLC boosted its stake in shares of iShares Gold Trust by 290.9% in 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 during the period. Key Financial Inc acquired a new stake in iShares Gold Trust during the 2nd quarter valued at $28,000. BankPlus Trust Department purchased a new stake in iShares Gold Trust during the 1st quarter worth $27,000. Finally, Garrison Bradford & Associates Inc. purchased a new stake in iShares Gold Trust during the 1st quarter worth $29,000. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.6%

IAU stock opened at $75.43 on Friday. The company has a market capitalization of $62.16 billion, a PE ratio of 5.53 and a beta of 0.09. The stock’s 50 day moving average is $73.08 and its two-hundred day moving average is $66.44. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $82.55.

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.