waypoint wealth counsel Has $5.01 Million Stock Holdings in iShares Gold Trust $IAU

waypoint wealth counsel increased its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,331 shares of the exchange traded fund’s stock after buying an additional 1,734 shares during the quarter. iShares Gold Trust accounts for about 2.5% of waypoint wealth counsel’s portfolio, making the stock its 9th biggest holding. waypoint wealth counsel’s holdings in iShares Gold Trust were worth $5,009,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IAU. Envestnet Asset Management Inc. grew its holdings in shares of iShares Gold Trust by 63.1% during the first quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock worth $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC grew its holdings in shares of 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 in the last quarter. Mainstay Capital Management LLC ADV grew its holdings in shares of iShares Gold Trust by 12,087.3% during the second quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock worth $82,885,000 after buying an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of iShares Gold Trust during the first quarter worth about $68,629,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $75.58 on Friday. The company has a market cap of $62.36 billion, a PE 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 $76.49. The stock has a 50-day simple moving average of $67.72 and a 200 day simple moving average of $64.02.

About iShares Gold Trust

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.