iShares Gold Trust $IAU Stock Purchased by MBA Advisors LLC

MBA Advisors LLC raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 5.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 138,451 shares of the exchange traded fund’s stock after purchasing an additional 6,875 shares during the quarter. iShares Gold Trust comprises 3.6% of MBA Advisors LLC’s holdings, making the stock its 8th biggest position. MBA Advisors LLC’s holdings in iShares Gold Trust were worth $10,813,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC boosted its holdings in iShares Gold Trust by 72.9% during the second quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 159 shares during the period. Harborfront Financial Group LLC acquired a new stake in shares of iShares Gold Trust during the 2nd quarter worth approximately $28,000. Gold Investment Management Ltd. bought a new stake in iShares Gold Trust in the 2nd quarter valued at $32,000. Hickory Point Bank & Trust raised its position in iShares Gold Trust by 171.6% in the third quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after purchasing an additional 266 shares in the last quarter. Finally, Bangor Savings Bank raised its holdings in shares of iShares Gold Trust by 81.0% in the 3rd quarter. Bangor Savings Bank now owns 447 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $74.15 on Tuesday. The firm has a market capitalization of $58.47 billion, a P/E ratio of 5.53 and a beta of 0.18. The stock has a fifty day moving average price of $79.82 and a two-hundred day moving average price of $84.56. iShares Gold Trust has a 52-week low of $72.71 and a 52-week high of $104.40.

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. 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).