BCU Wealth Advisors LLC Raises Position in iShares Gold Trust $IAU

BCU Wealth Advisors LLC raised its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 240.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,922 shares of the exchange traded fund’s stock after acquiring an additional 9,828 shares during the period. iShares Gold Trust makes up approximately 0.4% of BCU Wealth Advisors LLC’s holdings, making the stock its 24th largest holding. BCU Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $1,013,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IAU. Keener Financial Planning LLC purchased a new position in shares of iShares Gold Trust in the 2nd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in iShares Gold Trust in the second quarter worth $25,000. Private Wealth Management Group LLC raised its holdings 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 purchasing an additional 320 shares in the last quarter. Key Financial Inc purchased a new position in iShares Gold Trust during the second quarter valued at $28,000. Finally, Traub Capital Management LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

Key iShares Gold Trust News

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $84.34 on Friday. The firm’s 50-day moving average price is $78.54 and its 200-day moving average price is $70.50. The company has a market capitalization of $69.50 billion, a PE ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1-year low of $49.00 and a 1-year high of $84.71.

About iShares Gold Trust

(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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