Seeds Investor LLC Buys 14,377 Shares of iShares Gold Trust $IAU

Seeds Investor LLC raised its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 14.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 112,707 shares of the exchange traded fund’s stock after buying an additional 14,377 shares during the quarter. iShares Gold Trust makes up about 1.6% of Seeds Investor LLC’s holdings, making the stock its 16th largest holding. Seeds Investor LLC’s holdings in iShares Gold Trust were worth $7,028,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new stake in iShares Gold Trust during the second quarter valued at $25,000. MTM Investment Management LLC purchased a new position in iShares Gold Trust in the second quarter worth about $25,000. Private Wealth Management Group LLC boosted its position in iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares during the last quarter. Key Financial Inc bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $28,000. Finally, Traub Capital Management LLC purchased a new stake in shares of iShares Gold Trust during the 2nd quarter valued at about $31,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA:IAU opened at $76.78 on Friday. The firm’s 50 day moving average price is $74.84 and its 200-day moving average price is $67.38. iShares Gold Trust has a twelve month low of $48.83 and a twelve month high of $82.55. The stock has a market capitalization of $63.27 billion, a PE ratio of 5.53 and a beta of 0.09.

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.