Midwest Capital Advisors LLC Has $4.62 Million Stock Position in iShares Gold Trust $IAU

Midwest Capital Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 18.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,094 shares of the exchange traded fund’s stock after purchasing an additional 11,276 shares during the period. iShares Gold Trust accounts for 2.4% of Midwest Capital Advisors LLC’s holdings, making the stock its 15th biggest position. Midwest Capital Advisors LLC’s holdings in iShares Gold Trust were worth $4,621,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of iShares Gold Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after purchasing an additional 245 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Gold Trust during the 1st quarter worth approximately $267,000. Kingswood Wealth Advisors LLC raised its stake in shares of iShares Gold Trust by 192.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 90,783 shares of the exchange traded fund’s stock worth $5,344,000 after purchasing an additional 59,706 shares in the last quarter. McAdam LLC raised its stake in shares of iShares Gold Trust by 4.6% during the 2nd quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 341 shares in the last quarter. Finally, Summit Financial LLC raised its stake in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock worth $16,495,000 after purchasing an additional 195,640 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.0%

Shares of iShares Gold Trust stock opened at $75.58 on Friday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $76.49. The stock has a market cap of $62.36 billion, a P/E ratio of 5.53 and a beta of 0.15. The business’s 50 day moving average is $67.72 and its 200-day moving average is $64.02.

iShares Gold Trust Company 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.