Creative Capital Management Investments LLC Boosts Stock Position in iShares Gold Trust $IAU

Creative Capital Management Investments LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAU) by 1,892.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 797 shares of the exchange traded fund’s stock after purchasing an additional 757 shares during the quarter. Creative Capital Management Investments LLC’s holdings in iShares Gold Trust were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IAU. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 63.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after purchasing an additional 6,797,066 shares in the last quarter. LPL Financial LLC boosted its stake in iShares Gold Trust by 29.6% during the first quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock worth $659,340,000 after buying an additional 2,552,405 shares during the period. Erste Asset Management GmbH purchased a new position in iShares Gold Trust during the first quarter worth $68,629,000. Charles Schwab Investment Management Inc. boosted its stake in iShares Gold Trust by 1,357.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock worth $57,859,000 after buying an additional 913,987 shares during the period. Finally, Truist Financial Corp boosted its stake in iShares Gold Trust by 14.4% during the second quarter. Truist Financial Corp now owns 5,490,435 shares of the exchange traded fund’s stock worth $342,384,000 after buying an additional 692,844 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.8%

NYSEARCA IAU opened at $73.22 on Friday. The company has a fifty day moving average of $66.44 and a two-hundred day moving average of $63.35. The firm has a market capitalization of $59.82 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $73.43.

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.