6,875 iShares Gold Trust $IAU Shares Bought by MBA Advisors LLC

MBA Advisors LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 138,451 shares of the exchange traded fund’s stock after buying an additional 6,875 shares during the quarter. iShares Gold Trust makes up about 3.6% of MBA Advisors LLC’s investment portfolio, making the stock its 8th largest holding. MBA Advisors LLC’s holdings in iShares Gold Trust were worth $10,813,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in IAU. Public Employees Retirement System of Ohio acquired a new stake in iShares Gold Trust in the second quarter valued at approximately $76,854,000. Crcm LP increased its stake in shares of iShares Gold Trust by 73.7% during the 1st quarter. Crcm LP now owns 1,249,870 shares of the exchange traded fund’s stock worth $111,125,000 after purchasing an additional 530,148 shares during the last quarter. Eurizon Asset Management Hungary Ltd. acquired a new position in shares of iShares Gold Trust during the 1st quarter worth $42,494,000. Hamilton Wealth LLC increased its stake in shares of iShares Gold Trust by 170.8% during the 1st quarter. Hamilton Wealth LLC now owns 742,179 shares of the exchange traded fund’s stock worth $65,431,000 after purchasing an additional 468,115 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of iShares Gold Trust by 1,641.4% during the 1st quarter. Fifth Third Bancorp now owns 380,997 shares of the exchange traded fund’s stock valued at $33,589,000 after purchasing an additional 359,118 shares in the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Trading Up 1.7%

iShares Gold Trust stock opened at $74.15 on Tuesday. iShares Gold Trust has a 1-year low of $72.71 and a 1-year high of $104.40. The firm’s fifty day simple moving average is $79.82 and its 200-day simple moving average is $84.56. The company has a market capitalization of $58.47 billion, a P/E ratio of 5.53 and a beta of 0.18.

iShares Gold Trust 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. 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).