Eagle Strategies LLC decreased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 53,112 shares of the exchange traded fund’s stock after selling 327 shares during the period. Eagle Strategies LLC’s holdings in iShares Gold Trust were worth $3,312,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Gold Trust during the first quarter worth $27,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust during the first quarter worth $27,000. Dunhill Financial LLC boosted its holdings in shares of iShares Gold Trust by 86.6% during the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in shares of iShares Gold Trust during the first quarter worth $29,000. Finally, North Capital Inc. acquired a new stake in shares of iShares Gold Trust during the first quarter worth $34,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Stock Up 1.6%
IAU stock opened at $76.22 on Thursday. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $76.49. The stock’s fifty day simple moving average is $67.22 and its 200-day simple moving average is $63.72. The stock has a market capitalization of $62.55 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
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.
Recommended Stories
- Five stocks we like better than iShares Gold Trust
- What is a Stock Market Index and How Do You Use Them?
- Lowe’s vs. Home Depot: Which Benefits More From Lower Rates?
- Best Aerospace Stocks Investing
- These 5 Beaten-Down Tech Stocks Could Catch Fire Next
- Dividend Capture Strategy: What You Need to Know
- Falcon Flex Drives Growth as CrowdStrike Bets on AI Security
Want to see what other hedge funds are holding IAU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Gold Trust (NYSEARCA:IAU – Free Report).
Receive News & Ratings for iShares Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.
