Purkiss Capital Advisors LLC Grows Stock Position in iShares Gold Trust $IAU

Purkiss Capital Advisors LLC lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 268,020 shares of the exchange traded fund’s stock after purchasing an additional 15,350 shares during the quarter. iShares Gold Trust accounts for about 9.3% of Purkiss Capital Advisors LLC’s portfolio, making the stock its 2nd largest position. Purkiss Capital Advisors LLC’s holdings in iShares Gold Trust were worth $16,714,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares Gold Trust by 63.1% in 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 last quarter. LPL Financial LLC increased its position in iShares Gold Trust by 29.6% during the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after purchasing an additional 2,552,405 shares during the period. Mainstay Capital Management LLC ADV raised its holdings in iShares Gold Trust by 12,087.3% during the 2nd 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 last quarter. Erste Asset Management GmbH acquired a new position in shares of iShares Gold Trust in the 1st quarter worth approximately $68,629,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of iShares Gold Trust by 1,357.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after purchasing an additional 913,987 shares during the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $75.15 on Tuesday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The business’s 50-day moving average is $71.03 and its 200-day moving average is $65.65. The company has a market capitalization of $62.21 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09.

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.