Wealth Watch Advisors INC Invests $643,000 in iShares Gold Trust $IAU

Wealth Watch Advisors INC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,313 shares of the exchange traded fund’s stock, valued at approximately $643,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Diversified Enterprises LLC boosted its holdings in shares of iShares Gold Trust by 4.6% in the 2nd quarter. Diversified Enterprises LLC now owns 3,683 shares of the exchange traded fund’s stock valued at $230,000 after buying an additional 163 shares during the period. Red Mountain Financial LLC boosted its stake in iShares Gold Trust by 0.4% during the 2nd quarter. Red Mountain Financial LLC now owns 46,314 shares of the exchange traded fund’s stock valued at $2,888,000 after purchasing an additional 165 shares during the period. Alpha Cubed Investments LLC raised its position in shares of iShares Gold Trust by 4.0% during the 1st quarter. Alpha Cubed Investments LLC now owns 4,325 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 168 shares in the last quarter. New Hampshire Trust raised its position in shares of iShares Gold Trust by 4.2% during the 2nd quarter. New Hampshire Trust now owns 4,286 shares of the exchange traded fund’s stock worth $267,000 after buying an additional 171 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC raised its position in shares of iShares Gold Trust by 1.5% during the 1st quarter. Mosaic Family Wealth Partners LLC now owns 11,345 shares of the exchange traded fund’s stock worth $669,000 after buying an additional 173 shares in the last quarter. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.3%

IAU stock opened at $77.31 on Monday. The firm’s 50-day moving average is $70.79 and its two-hundred day moving average is $65.53. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55. The company has a market capitalization of $64.43 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

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.