iShares Gold Trust $IAU Shares Acquired by 1832 Asset Management L.P.

1832 Asset Management L.P. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 65.3% during the second quarter, Holdings Channel.com reports. The fund owned 1,089,365 shares of the exchange traded fund’s stock after acquiring an additional 430,433 shares during the period. 1832 Asset Management L.P.’s holdings in iShares Gold Trust were worth $67,933,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Diversified Enterprises LLC raised its position in iShares Gold Trust by 4.6% in the second quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 163 shares during the period. Red Mountain Financial LLC grew its stake in shares of iShares Gold Trust by 0.4% in the second quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after buying an additional 165 shares in the last quarter. New Hampshire Trust raised its holdings in shares of iShares Gold Trust by 4.2% in the 2nd quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock valued at $267,000 after buying an additional 171 shares during the period. Whittier Trust Co. lifted its stake in iShares Gold Trust by 0.3% during the 2nd quarter. Whittier Trust Co. now owns 60,987 shares of the exchange traded fund’s stock worth $3,803,000 after acquiring an additional 177 shares in the last quarter. Finally, Confluence Wealth Services Inc. boosted its holdings in iShares Gold Trust by 0.4% during the 2nd quarter. Confluence Wealth Services Inc. now owns 43,721 shares of the exchange traded fund’s stock valued at $2,726,000 after acquiring an additional 191 shares during the period. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $79.23 on Thursday. The firm has a market capitalization of $65.29 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1 year low of $48.83 and a 1 year high of $82.55. The firm’s 50-day moving average is $76.45 and its two-hundred day moving average is $68.46.

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.