Dakota Wealth Management increased its holdings in iShares Gold Trust (NYSEARCA:IAU – Free Report) by 4.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 344,512 shares of the exchange traded fund’s stock after buying an additional 13,539 shares during the quarter. Dakota Wealth Management’s holdings in iShares Gold Trust were worth $21,484,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new stake in iShares Gold Trust in the 1st quarter worth about $27,000. BankPlus Trust Department bought a new stake in iShares Gold Trust in the 1st quarter worth about $27,000. Dunhill Financial LLC boosted its position in iShares Gold Trust by 86.6% in the first quarter. Dunhill Financial LLC now owns 472 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 219 shares during the last quarter. Garrison Bradford & Associates Inc. purchased a new position in iShares Gold Trust in the first quarter worth about $29,000. Finally, Wood Tarver Financial Group LLC purchased a new position in iShares Gold Trust in the fourth quarter worth about $31,000. 59.67% of the stock is currently owned by institutional investors.
iShares Gold Trust Stock Performance
Shares of NYSEARCA:IAU opened at $70.29 on Thursday. The stock has a market capitalization of $53.85 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15. The stock’s 50-day simple moving average is $65.24 and its two-hundred day simple moving average is $62.56. iShares Gold Trust has a 52-week low of $48.29 and a 52-week high of $71.40.
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.
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