Naviter Wealth LLC Purchases 360 Shares of iShares Gold Trust $IAU

Naviter Wealth LLC grew its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.2% in the second quarter, HoldingsChannel.com reports. The fund owned 31,180 shares of the exchange traded fund’s stock after acquiring an additional 360 shares during the quarter. Naviter Wealth LLC’s holdings in iShares Gold Trust were worth $1,944,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IAU. Brighton Jones LLC bought a new stake in shares of iShares Gold Trust during the 4th quarter valued at about $1,864,000. Bison Wealth LLC lifted its stake in iShares Gold Trust by 78.5% in the fourth quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the period. GAMMA Investing LLC lifted its stake in iShares Gold Trust by 17.6% in the first quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock valued at $96,000 after buying an additional 245 shares during the period. Fifth Third Bancorp boosted its holdings in shares of iShares Gold Trust by 23.4% during the 1st quarter. Fifth Third Bancorp now owns 5,586 shares of the exchange traded fund’s stock worth $329,000 after buying an additional 1,058 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC grew its position in shares of iShares Gold Trust by 75.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 10,923 shares of the exchange traded fund’s stock worth $644,000 after buying an additional 4,693 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Up 2.4%

NYSEARCA:IAU opened at $77.43 on Tuesday. The company has a fifty day moving average of $68.00 and a 200-day moving average of $64.20. The firm has a market capitalization of $64.00 billion, a P/E ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $77.57.

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.