iShares Gold Trust (NYSEARCA:IAU) Position Boosted by WealthCare Investment Partners LLC

WealthCare Investment Partners LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,302 shares of the exchange traded fund’s stock after acquiring an additional 8,559 shares during the period. iShares Gold Trust makes up 2.3% of WealthCare Investment Partners LLC’s portfolio, making the stock its 10th largest holding. WealthCare Investment Partners LLC’s holdings in iShares Gold Trust were worth $4,977,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of IAU. Sinecera Capital LLC grew its position in shares of iShares Gold Trust by 0.4% during the second quarter. Sinecera Capital LLC now owns 127,609 shares of the exchange traded fund’s stock valued at $5,680,000 after purchasing an additional 508 shares in the last quarter. Insight Wealth Partners LLC grew its holdings in iShares Gold Trust by 1.2% during the 2nd quarter. Insight Wealth Partners LLC now owns 158,355 shares of the exchange traded fund’s stock valued at $6,957,000 after buying an additional 1,846 shares in the last quarter. Blue Trust Inc. increased its stake in iShares Gold Trust by 1.8% in the 2nd quarter. Blue Trust Inc. now owns 496,052 shares of the exchange traded fund’s stock worth $20,839,000 after acquiring an additional 8,660 shares during the last quarter. Old Port Advisors raised its holdings in shares of iShares Gold Trust by 7.6% during the 2nd quarter. Old Port Advisors now owns 146,857 shares of the exchange traded fund’s stock worth $6,451,000 after acquiring an additional 10,373 shares in the last quarter. Finally, Hillcrest Wealth Advisors NY LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter valued at approximately $204,000. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock traded up $1.03 during mid-day trading on Friday, reaching $47.40. 6,205,167 shares of the company’s stock traded hands, compared to its average volume of 6,356,367. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $47.41. The stock has a 50 day moving average of $45.04 and a two-hundred day moving average of $43.14.

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.