Advantage Trust Co Acquires 280 Shares of iShares Gold Trust $IAU

Advantage Trust Co grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 8.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,552 shares of the exchange traded fund’s stock after purchasing an additional 280 shares during the quarter. Advantage Trust Co’s holdings in iShares Gold Trust were worth $222,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Keener Financial Planning LLC bought a new position in shares of iShares Gold Trust in the 2nd quarter valued at about $25,000. Smallwood Wealth Investment Management LLC bought a new position in shares of iShares Gold Trust in the 1st quarter valued at about $27,000. BankPlus Trust Department acquired a new stake in shares of iShares Gold Trust in the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC boosted its stake in iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. bought a new position in iShares Gold Trust during the 1st quarter worth approximately $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $82.50 on Tuesday. The company’s 50 day simple moving average is $69.64 and its 200 day simple moving average is $64.95. The firm has a market capitalization of $68.61 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $82.55.

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.