Life Line Wealth Management LLC raised its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 52.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 644,035 shares of the exchange traded fund’s stock after acquiring an additional 222,499 shares during the period. iShares Gold Trust comprises about 13.0% of Life Line Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. Life Line Wealth Management LLC owned about 0.09% of iShares Gold Trust worth $40,162,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IAU. Smallwood Wealth Investment Management LLC acquired a new position in iShares Gold Trust in the first quarter valued at about $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust in the first quarter valued at about $27,000. Dunhill Financial LLC grew its stake in iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 219 shares during the period. Garrison Bradford & Associates Inc. acquired a new position in iShares Gold Trust in the first quarter valued at about $29,000. Finally, Wood Tarver Financial Group LLC acquired a new position in iShares Gold Trust in the fourth quarter valued at about $31,000. 59.67% of the stock is owned by institutional investors and hedge funds.
iShares Gold Trust Trading Up 0.2%
NYSEARCA:IAU opened at $68.68 on Friday. iShares Gold Trust has a 1 year low of $48.11 and a 1 year high of $69.26. The stock has a market cap of $52.62 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock has a 50-day moving average price of $64.13 and a two-hundred day moving average price of $61.78.
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.
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