Crewe Advisors LLC Buys 392 Shares of iShares Gold Trust $IAU

Crewe Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 128.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 697 shares of the exchange traded fund’s stock after purchasing an additional 392 shares during the quarter. Crewe Advisors LLC’s holdings in iShares Gold Trust were worth $43,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in shares of iShares Gold Trust in the second quarter worth about $25,000. Private Wealth Management Group LLC increased its holdings in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 320 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new stake in shares of iShares Gold Trust in the first quarter worth about $27,000. BankPlus Trust Department bought a new stake in shares of iShares Gold Trust in the first quarter worth about $27,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust in the first quarter worth about $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

Shares of iShares Gold Trust stock opened at $82.50 on Tuesday. iShares Gold Trust has a 1 year low of $48.29 and a 1 year high of $82.55. The business has a 50-day moving average of $69.64 and a two-hundred day moving average of $64.95. The company has a market capitalization of $68.61 billion, a P/E ratio of 5.53 and a beta of 0.15.

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.