RCS Financial Planning LLC Increases Stock Position in iShares Gold Trust $IAU

RCS Financial Planning LLC grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 72.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,401 shares of the exchange traded fund’s stock after buying an additional 6,912 shares during the period. RCS Financial Planning LLC’s holdings in iShares Gold Trust were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MTM Investment Management LLC bought a new stake in iShares Gold Trust during the second quarter worth about $25,000. Mountain Hill Investment Partners Corp. bought a new position in shares of iShares Gold Trust during the third quarter valued at approximately $29,000. Keener Financial Planning LLC purchased a new position in shares of iShares Gold Trust during the second quarter valued at approximately $25,000. Fourth Dimension Wealth LLC lifted its holdings in shares of iShares Gold Trust by 436.3% during the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 349 shares during the last quarter. Finally, Private Wealth Management Group LLC boosted its position in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares in the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust News Roundup

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iShares Gold Trust Stock Up 6.2%

iShares Gold Trust stock opened at $93.03 on Wednesday. iShares Gold Trust has a twelve month low of $53.44 and a twelve month high of $104.40. The company has a market capitalization of $78.55 billion, a P/E ratio of 5.53 and a beta of 0.09. The stock’s 50 day moving average is $84.88 and its 200 day moving average is $75.55.

About iShares Gold Trust

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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