WESCAP Management Group Inc. Acquires 45,443 Shares of iShares Gold Trust $IAU

WESCAP Management Group Inc. raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 12.1% in the second quarter, HoldingsChannel.com reports. The fund owned 420,306 shares of the exchange traded fund’s stock after buying an additional 45,443 shares during the quarter. iShares Gold Trust accounts for 6.0% of WESCAP Management Group Inc.’s portfolio, making the stock its 4th biggest position. WESCAP Management Group Inc.’s holdings in iShares Gold Trust were worth $26,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in IAU. Keener Financial Planning LLC bought a new stake in iShares Gold Trust in the second quarter valued at $25,000. BankPlus Trust Department acquired a new position in shares of iShares Gold Trust during the first quarter worth approximately $27,000. Private Wealth Management Group LLC boosted its position in shares of iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares during the period. Key Financial Inc bought a new position in iShares Gold Trust in the 2nd quarter worth approximately $28,000. Finally, Garrison Bradford & Associates Inc. acquired a new stake in iShares Gold Trust in the 1st quarter valued at approximately $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6%

Shares of NYSEARCA IAU opened at $75.43 on Friday. The firm’s 50-day simple moving average is $73.08 and its 200 day simple moving average is $66.44. The stock has a market cap of $62.16 billion, a P/E ratio of 5.53 and a beta of 0.09. 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.