SageGuard Financial Group LLC Acquires 32,418 Shares of iShares Gold Trust $IAU

SageGuard Financial Group LLC raised its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 69.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,200 shares of the exchange traded fund’s stock after acquiring an additional 32,418 shares during the quarter. iShares Gold Trust makes up 1.1% of SageGuard Financial Group LLC’s portfolio, making the stock its 27th largest holding. SageGuard Financial Group LLC’s holdings in iShares Gold Trust were worth $6,982,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IAU. Godfrey Financial Associates Inc. purchased a new stake in iShares Gold Trust in the 4th quarter worth $25,000. Monetary Solutions Ltd purchased a new position in shares of iShares Gold Trust in the fourth quarter valued at about $26,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of iShares Gold Trust in the first quarter valued at about $26,000. Rossby Financial LCC boosted its stake in shares of iShares Gold Trust by 75.7% in the fourth quarter. Rossby Financial LCC now owns 325 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 140 shares during the period. Finally, Gables Capital Management Inc. boosted its stake in shares of iShares Gold Trust by 173.1% in the fourth quarter. Gables Capital Management Inc. now owns 355 shares of the exchange traded fund’s stock worth $29,000 after acquiring an additional 225 shares during the period. Institutional investors own 59.67% of the company’s stock.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Price Performance

IAU stock opened at $76.56 on Monday. iShares Gold Trust has a 1-year low of $61.37 and a 1-year high of $104.40. The business has a 50 day simple moving average of $84.23 and a two-hundred day simple moving average of $87.64. The company has a market capitalization of $65.18 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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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