Principle Wealth Partners LLC Increases Stock Holdings in iShares Gold Trust $IAU

Principle Wealth Partners LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAU) by 7.8% in the second quarter, Holdings Channel.com reports. The firm owned 18,557 shares of the exchange traded fund’s stock after purchasing an additional 1,348 shares during the period. Principle Wealth Partners LLC’s holdings in iShares Gold Trust were worth $1,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LifeWealth Investments LLC grew its position in iShares Gold Trust by 24.4% during the second quarter. LifeWealth Investments LLC now owns 116,755 shares of the exchange traded fund’s stock valued at $7,281,000 after acquiring an additional 22,886 shares during the period. Blume Capital Management Inc. grew its position in iShares Gold Trust by 85.5% during the second quarter. Blume Capital Management Inc. now owns 1,020 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 470 shares during the period. Cullen Frost Bankers Inc. grew its position in iShares Gold Trust by 141.9% during the second quarter. Cullen Frost Bankers Inc. now owns 10,249 shares of the exchange traded fund’s stock valued at $639,000 after acquiring an additional 6,012 shares during the period. Smith Thornton Advisors LLC grew its position in iShares Gold Trust by 1.1% during the second quarter. Smith Thornton Advisors LLC now owns 58,155 shares of the exchange traded fund’s stock valued at $3,627,000 after acquiring an additional 652 shares during the period. Finally, Advantage Trust Co grew its position in iShares Gold Trust by 8.6% during the second quarter. Advantage Trust Co now owns 3,552 shares of the exchange traded fund’s stock valued at $222,000 after acquiring an additional 280 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.1%

IAU stock opened at $77.28 on Thursday. The stock has a 50-day moving average price of $70.21 and a two-hundred day moving average price of $65.13. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The company has a market cap of $64.34 billion, a PE 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.