Redhawk Wealth Advisors Inc. Grows Stock Holdings in iShares Gold Trust $IAU

Redhawk Wealth Advisors Inc. lifted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 54.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 27,978 shares of the exchange traded fund’s stock after purchasing an additional 9,827 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in iShares Gold Trust were worth $2,113,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Wills Financial Group LLC grew its holdings in iShares Gold Trust by 9.8% in the 4th quarter. Wills Financial Group LLC now owns 147,134 shares of the exchange traded fund’s stock valued at $11,943,000 after buying an additional 13,093 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of iShares Gold Trust by 13.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 829,366 shares of the exchange traded fund’s stock worth $67,320,000 after acquiring an additional 97,852 shares during the period. Hudson Oak Wealth Advisory LLC acquired a new position in shares of iShares Gold Trust during the 4th quarter valued at about $1,725,000. Merit Financial Group LLC boosted its position in shares of iShares Gold Trust by 12.2% during the 4th quarter. Merit Financial Group LLC now owns 649,154 shares of the exchange traded fund’s stock valued at $52,692,000 after acquiring an additional 70,793 shares during the last quarter. Finally, West Wealth Group LLC grew its holdings in shares of iShares Gold Trust by 8.7% in the fourth quarter. West Wealth Group LLC now owns 75,614 shares of the exchange traded fund’s stock valued at $6,138,000 after purchasing an additional 6,045 shares during the period. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Trading Up 1.0%

iShares Gold Trust stock opened at $82.51 on Tuesday. The company has a 50-day moving average price of $78.06 and a 200 day moving average price of $86.24. iShares Gold Trust has a 12-month low of $62.48 and a 12-month high of $104.40. The stock has a market cap of $68.15 billion, a P/E ratio of 5.53 and a beta of 0.18.

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. 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).