ShoreHaven Wealth Partners LLC grew its position in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 8.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,475 shares of the exchange traded fund’s stock after purchasing an additional 4,723 shares during the period. iShares Gold Trust makes up approximately 1.5% of ShoreHaven Wealth Partners LLC’s investment portfolio, making the stock its 18th largest holding. ShoreHaven Wealth Partners LLC’s holdings in iShares Gold Trust were worth $3,771,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of IAU. Diversified Enterprises LLC lifted its stake in iShares Gold Trust by 4.6% in the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after acquiring an additional 163 shares in the last quarter. Red Mountain Financial LLC raised its holdings 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 purchasing an additional 165 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of iShares Gold Trust by 4.0% in the first quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 168 shares during the last quarter. Mosaic Family Wealth Partners LLC lifted its position in shares of iShares Gold Trust by 1.5% in the first quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after purchasing an additional 173 shares in the last quarter. Finally, Quattro Financial Advisors LLC boosted its holdings in iShares Gold Trust by 4.7% during the first quarter. Quattro Financial Advisors LLC now owns 4,082 shares of the exchange traded fund’s stock worth $241,000 after purchasing an additional 183 shares during the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Trading Down 1.9%
iShares Gold Trust stock opened at $79.63 on Friday. iShares Gold Trust has a 1-year low of $48.29 and a 1-year high of $81.34. The company has a fifty day simple moving average of $69.25 and a 200 day simple moving average of $64.70. The company has a market cap of $65.86 billion, a P/E ratio of 5.53 and a beta of 0.15.
About iShares Gold Trust
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.
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