Three Bridge Wealth Advisors LLC lessened its stake in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 0.6% in the second quarter, Holdings Channel.com reports. The fund owned 196,444 shares of the exchange traded fund’s stock after selling 1,270 shares during the quarter. iShares Gold Trust comprises about 3.2% of Three Bridge Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Three Bridge Wealth Advisors LLC’s holdings in iShares Gold Trust were worth $12,250,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC acquired a new stake in shares of iShares Gold Trust during the first quarter worth $27,000. BankPlus Trust Department purchased a new position in iShares Gold Trust in the 1st quarter worth about $27,000. Dunhill Financial LLC increased its stake in iShares Gold Trust by 86.6% in the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares in the last quarter. Garrison Bradford & Associates Inc. purchased a new position in iShares Gold Trust in the 1st quarter worth about $29,000. Finally, North Capital Inc. purchased a new position in iShares Gold Trust in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 59.67% of the company’s stock.
iShares Gold Trust Price Performance
Shares of IAU opened at $73.22 on Friday. iShares Gold Trust has a one year low of $48.29 and a one year high of $73.43. The company has a 50-day moving average of $66.44 and a two-hundred day moving average of $63.39. The stock has a market cap of $59.82 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.
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.
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