62,542 iShares Gold Trust $IAU Shares Acquired by Trek Financial LLC

Trek Financial LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 132.5% in the third quarter, HoldingsChannel reports. The firm owned 109,746 shares of the exchange traded fund’s stock after acquiring an additional 62,542 shares during the period. Trek Financial LLC’s holdings in iShares Gold Trust were worth $8,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dunhill Financial LLC boosted its stake in shares of iShares Gold Trust by 72.9% in the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 159 shares during the last quarter. Harborfront Financial Group LLC purchased a new stake in iShares Gold Trust during the second quarter valued at $28,000. Gold Investment Management Ltd. purchased a new stake in iShares Gold Trust during the second quarter valued at $32,000. Hickory Point Bank & Trust lifted its holdings in iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 266 shares during the period. Finally, Bangor Savings Bank lifted its holdings in iShares Gold Trust by 81.0% in the third quarter. Bangor Savings Bank now owns 447 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 200 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of NYSEARCA:IAU opened at $72.92 on Monday. The stock’s 50-day simple moving average is $80.07 and its two-hundred day simple moving average is $84.62. The stock has a market capitalization of $57.50 billion, a price-to-earnings ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 52-week low of $72.71 and a 52-week high of $104.40.

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).