Tyche Wealth Partners LLC Has $2.31 Million Stock Holdings in iShares Gold Trust $IAU

Tyche Wealth Partners LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 220.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 31,744 shares of the exchange traded fund’s stock after buying an additional 21,842 shares during the quarter. Tyche Wealth Partners LLC’s holdings in iShares Gold Trust were worth $2,310,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new stake in iShares Gold Trust during the 2nd quarter worth approximately $25,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of iShares Gold Trust during the third quarter worth $29,000. Keener Financial Planning LLC acquired a new position in shares of iShares Gold Trust during the second quarter worth $25,000. Private Wealth Management Group LLC grew its stake in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the last quarter. Finally, Key Financial Inc acquired a new stake in iShares Gold Trust in the second quarter valued at $28,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

Key iShares Gold Trust News

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iShares Gold Trust Stock Down 10.2%

Shares of NYSEARCA:IAU opened at $91.20 on Friday. The firm has a market cap of $77.00 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 12-month low of $52.74 and a 12-month high of $104.40. The business has a fifty day simple moving average of $84.38 and a 200 day simple moving average of $74.99.

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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