5th Street Advisors LLC Has $1.04 Million Stock Holdings in iShares Gold Trust $IAU

5th Street Advisors LLC grew its position in shares of iShares Gold Trust (NYSEARCA:IAU) by 2.5% in the second quarter, HoldingsChannel reports. The fund owned 16,687 shares of the exchange traded fund’s stock after acquiring an additional 412 shares during the period. iShares Gold Trust makes up 0.5% of 5th Street Advisors LLC’s portfolio, making the stock its 27th largest position. 5th Street Advisors LLC’s holdings in iShares Gold Trust were worth $1,041,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IAU. Keener Financial Planning LLC acquired a new position in iShares Gold Trust during the 2nd quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in iShares Gold Trust during the 1st quarter worth approximately $27,000. BankPlus Trust Department acquired a new position in iShares Gold Trust during the 1st quarter worth approximately $27,000. Dunhill Financial LLC boosted its position in iShares Gold Trust by 86.6% during the 1st quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Finally, Garrison Bradford & Associates Inc. acquired a new position in iShares Gold Trust during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.7%

NYSEARCA:IAU opened at $79.32 on Thursday. iShares Gold Trust has a twelve month low of $48.29 and a twelve month high of $79.39. The business has a 50 day moving average price of $68.60 and a two-hundred day moving average price of $64.40. The company has a market cap of $65.61 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.