iShares Gold Trust $IAU Stake Increased by VCI Wealth Management LLC

VCI Wealth Management LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 8.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 375,867 shares of the exchange traded fund’s stock after purchasing an additional 28,360 shares during the period. iShares Gold Trust comprises 7.0% of VCI Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. VCI Wealth Management LLC’s holdings in iShares Gold Trust were worth $29,355,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Harborfront Financial Group LLC bought a new position in shares of iShares Gold Trust in the second quarter valued at about $28,000. Dunhill Financial LLC lifted its position in iShares Gold Trust by 72.9% during the 2nd quarter. Dunhill Financial LLC now owns 377 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 159 shares in the last quarter. Gold Investment Management Ltd. bought a new stake in iShares Gold Trust during the 2nd quarter worth about $32,000. Hickory Point Bank & Trust grew its holdings in iShares Gold Trust by 171.6% during the 3rd quarter. Hickory Point Bank & Trust now owns 421 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 266 shares during the last quarter. Finally, Bangor Savings Bank grew its holdings in iShares Gold Trust by 81.0% during the 3rd quarter. Bangor Savings Bank now owns 447 shares of the exchange traded fund’s stock worth $35,000 after acquiring an additional 200 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.7%

IAU opened at $74.15 on Tuesday. The stock has a market capitalization of $58.47 billion, a PE ratio of 5.53 and a beta of 0.18. iShares Gold Trust has a 1-year low of $72.71 and a 1-year high of $104.40. The firm has a 50-day moving average price of $79.82 and a two-hundred day moving average price of $84.56.

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. 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).