iShares Gold Trust $IAU Stock Bought by United Asset Strategies Inc.

United Asset Strategies Inc. grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1,084.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,035 shares of the exchange traded fund’s stock after purchasing an additional 97,082 shares during the period. United Asset Strategies Inc.’s holdings in iShares Gold Trust were worth $8,281,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IAU. RFG Advisory LLC increased its stake in iShares Gold Trust by 35.8% in the 2nd quarter. RFG Advisory LLC now owns 38,956 shares of the exchange traded fund’s stock valued at $2,942,000 after buying an additional 10,263 shares during the period. Robertson Stephens Wealth Management LLC lifted its position in iShares Gold Trust by 70.2% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 32,722 shares of the exchange traded fund’s stock worth $2,556,000 after buying an additional 13,497 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of iShares Gold Trust by 18.2% during the 2nd quarter. Wedbush Securities Inc. now owns 54,861 shares of the exchange traded fund’s stock valued at $4,143,000 after buying an additional 8,462 shares during the period. Contango Wealth Management LLC boosted its stake in shares of iShares Gold Trust by 136.0% during the 1st quarter. Contango Wealth Management LLC now owns 18,787 shares of the exchange traded fund’s stock valued at $1,656,000 after buying an additional 10,826 shares during the period. Finally, Principia Wealth Advisory LLC boosted its stake in shares of iShares Gold Trust by 28.8% during the 2nd quarter. Principia Wealth Advisory LLC now owns 62,189 shares of the exchange traded fund’s stock valued at $4,696,000 after buying an additional 13,902 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting iShares Gold Trust

Here are the key news stories impacting iShares Gold Trust this week:

• Positive Sentiment: Investors purchased a large volume of call options on IAU, signaling that some traders are positioning for a potential rebound in gold. Traders Buy Large Volume of Call Options on iShares Gold Trust

iShares Gold Trust Stock Down 1.3%

iShares Gold Trust stock opened at $75.57 on Friday. iShares Gold Trust has a 12 month low of $74.00 and a 12 month high of $104.40. The stock has a market cap of $59.59 billion, a P/E ratio of 5.53 and a beta of 0.18. The company’s fifty day simple moving average is $80.32 and its 200-day simple moving average is $84.69.

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. 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).