Maia Wealth LLC Has $1.01 Million Stake in iShares Gold Trust $IAU

Maia Wealth LLC reduced its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,151 shares of the exchange traded fund’s stock after selling 792 shares during the quarter. Maia Wealth LLC’s holdings in iShares Gold Trust were worth $1,007,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Keener Financial Planning LLC bought a new position in iShares Gold Trust during the second quarter worth $25,000. MTM Investment Management LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at about $25,000. Private Wealth Management Group LLC lifted its stake in shares of iShares Gold Trust by 290.9% during the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying 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 worth about $28,000. Finally, Traub Capital Management LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter worth about $31,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Performance

Shares of IAU opened at $78.44 on Thursday. The firm has a market cap of $64.64 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55. The firm’s 50-day simple moving average is $75.53 and its 200 day simple moving average is $67.82.

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.