Yukon Wealth Management Inc. Raises Stock Position in iShares Gold Trust $IAU

Yukon Wealth Management Inc. grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,468 shares of the exchange traded fund’s stock after purchasing an additional 650 shares during the period. Yukon Wealth Management Inc.’s holdings in iShares Gold Trust were worth $279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IAU. Envestnet Asset Management Inc. increased its stake in iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after purchasing an additional 6,797,066 shares during the period. LPL Financial LLC increased its stake in iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after purchasing an additional 2,552,405 shares during the period. Mainstay Capital Management LLC ADV increased its stake in iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after purchasing an additional 1,318,237 shares during the period. Erste Asset Management GmbH purchased a new stake in iShares Gold Trust during the first quarter worth about $68,629,000. Finally, Charles Schwab Investment Management Inc. increased its stake in iShares Gold Trust by 1,357.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after purchasing an additional 913,987 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $77.31 on Monday. The firm has a market capitalization of $64.43 billion, a PE ratio of 5.53 and a beta of 0.15. The firm’s 50-day moving average is $70.79 and its two-hundred day moving average is $65.53. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55.

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.