iShares Gold Trust $IAU Shares Bought by MGO One Seven LLC

MGO One Seven LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 21.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 347,935 shares of the exchange traded fund’s stock after purchasing an additional 61,597 shares during the period. iShares Gold Trust makes up about 0.6% of MGO One Seven LLC’s portfolio, making the stock its 26th biggest position. MGO One Seven LLC’s holdings in iShares Gold Trust were worth $28,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Cassaday & Co Wealth Management LLC grew its holdings in shares of iShares Gold Trust by 14.5% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 5,930 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 752 shares during the last quarter. Crestwood Advisors Group LLC raised its stake in iShares Gold Trust by 2.9% in the 4th quarter. Crestwood Advisors Group LLC now owns 8,979 shares of the exchange traded fund’s stock worth $729,000 after acquiring an additional 250 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in iShares Gold Trust by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 81,290 shares of the exchange traded fund’s stock worth $6,598,000 after acquiring an additional 4,409 shares during the period. WealthShield Partners LLC lifted its position in iShares Gold Trust by 3.7% during the 4th quarter. WealthShield Partners LLC now owns 42,705 shares of the exchange traded fund’s stock worth $3,466,000 after acquiring an additional 1,512 shares during the period. Finally, Patton Albertson Miller Group LLC purchased a new stake in iShares Gold Trust during the 4th quarter valued at about $2,691,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

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iShares Gold Trust Stock Performance

Shares of IAU stock opened at $88.46 on Friday. The stock’s 50-day simple moving average is $90.41 and its 200-day simple moving average is $86.28. The firm has a market capitalization of $75.31 billion, a PE ratio of 5.53 and a beta of 0.16. iShares Gold Trust has a fifty-two week low of $59.71 and a fifty-two week high of $104.40.

iShares Gold Trust Company Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

Further Reading

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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