AlTi Global Inc. Buys 19,544 Shares of iShares Gold Trust $IAU

AlTi Global Inc. lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 1.3% in the second quarter, Holdings Channel.com reports. The fund owned 1,567,786 shares of the exchange traded fund’s stock after purchasing an additional 19,544 shares during the quarter. iShares Gold Trust accounts for approximately 2.5% of AlTi Global Inc.’s portfolio, making the stock its 11th largest position. AlTi Global Inc.’s holdings in iShares Gold Trust were worth $97,783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IAU. Brighton Jones LLC bought a new position in shares of iShares Gold Trust during the 4th quarter worth about $1,864,000. Bison Wealth LLC lifted its holdings in shares of iShares Gold Trust by 78.5% during the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock worth $831,000 after acquiring an additional 7,379 shares during the period. GAMMA Investing LLC lifted its holdings in shares of iShares Gold Trust by 17.6% during the 1st quarter. GAMMA Investing LLC now owns 1,635 shares of the exchange traded fund’s stock worth $96,000 after acquiring an additional 245 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of iShares Gold Trust during the 1st quarter worth about $267,000. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of iShares Gold Trust by 12.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 30,698 shares of the exchange traded fund’s stock worth $1,810,000 after acquiring an additional 3,291 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $77.55 on Friday. The company has a 50-day moving average of $70.50 and a 200-day moving average of $65.27. The company has a market capitalization of $64.57 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55.

About iShares Gold Trust

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.