Foundations Investment Advisors LLC Acquires 209,367 Shares of iShares Gold Trust $IAU

Foundations Investment Advisors LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 31.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 864,900 shares of the exchange traded fund’s stock after acquiring an additional 209,367 shares during the quarter. iShares Gold Trust comprises about 0.9% of Foundations Investment Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. Foundations Investment Advisors LLC owned about 0.11% of iShares Gold Trust worth $53,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bryn Mawr Trust Advisors LLC grew its stake in shares of iShares Gold Trust by 79.9% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock worth $3,237,000 after acquiring an additional 23,054 shares during the period. Americana Partners LLC lifted its holdings in shares of iShares Gold Trust by 9.0% during the 2nd quarter. Americana Partners LLC now owns 26,166 shares of the exchange traded fund’s stock valued at $1,632,000 after buying an additional 2,158 shares during the period. Stokes Family Office LLC boosted its stake in shares of iShares Gold Trust by 2.7% in the 2nd quarter. Stokes Family Office LLC now owns 93,539 shares of the exchange traded fund’s stock worth $5,833,000 after buying an additional 2,491 shares during the last quarter. Alpha Cubed Investments LLC grew its holdings in shares of iShares Gold Trust by 110.2% in the second quarter. Alpha Cubed Investments LLC now owns 9,093 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 4,768 shares during the period. Finally, McAdam LLC increased its position in iShares Gold Trust by 4.6% during the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock valued at $479,000 after acquiring an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.8%

iShares Gold Trust stock opened at $76.98 on Friday. iShares Gold Trust has a 52-week low of $48.32 and a 52-week high of $82.55. The company has a market cap of $63.44 billion, a P/E ratio of 5.53 and a beta of 0.09. The business has a 50-day simple moving average of $74.20 and a two-hundred day simple moving average of $66.97.

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.