Savvy Advisors Inc. Acquires 63,116 Shares of iShares Gold Trust $IAU

Savvy Advisors Inc. boosted its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 47.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 195,577 shares of the exchange traded fund’s stock after purchasing an additional 63,116 shares during the period. Savvy Advisors Inc.’s holdings in iShares Gold Trust were worth $14,232,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. MTM Investment Management LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter worth about $25,000. Private Wealth Management Group LLC raised its position in 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 worth $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc bought a new stake in iShares Gold Trust in the second quarter worth about $28,000. Mountain Hill Investment Partners Corp. purchased a new position in iShares Gold Trust in the third quarter valued at about $29,000. Finally, Traub Capital Management LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.1%

Shares of IAU stock opened at $95.76 on Thursday. The company has a 50 day moving average of $86.64 and a 200-day moving average of $76.72. iShares Gold Trust has a 12-month low of $53.44 and a 12-month high of $104.40. The firm has a market cap of $80.85 billion, a P/E ratio of 5.53 and a beta of 0.09.

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iShares Gold Trust Profile

(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).

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

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