Mizuho Securities Co. Ltd. Makes New $139,000 Investment in iShares Gold Trust $IAU

Mizuho Securities Co. Ltd. acquired a new position in iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,230 shares of the exchange traded fund’s stock, valued at approximately $139,000. iShares Gold Trust makes up 0.5% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors have also recently modified their holdings of IAU. Keener Financial Planning LLC bought a new stake in iShares Gold Trust in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $25,000. Private Wealth Management Group LLC raised 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 worth $27,000 after acquiring an additional 320 shares in the last quarter. Key Financial Inc bought a new stake in shares of iShares Gold Trust in the 2nd quarter worth approximately $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust in the 1st quarter worth approximately $29,000. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

IAU stock opened at $76.78 on Thursday. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55. The firm’s fifty day moving average is $74.68 and its 200 day moving average is $67.32. The firm has a market cap of $63.27 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.