Focus Partners Advisor Solutions LLC Buys 3,208 Shares of iShares Gold Trust $IAU

Focus Partners Advisor Solutions LLC boosted its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,916 shares of the exchange traded fund’s stock after acquiring an additional 3,208 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in iShares Gold Trust were worth $5,046,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in 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 buying an additional 245 shares during the period. McAdam LLC raised its position in shares of iShares Gold Trust by 4.6% during the second quarter. McAdam LLC now owns 7,687 shares of the exchange traded fund’s stock worth $479,000 after purchasing an additional 341 shares during the period. Summit Financial LLC lifted its holdings in shares of iShares Gold Trust by 232.6% during the 1st quarter. Summit Financial LLC now owns 279,758 shares of the exchange traded fund’s stock valued at $16,495,000 after purchasing an additional 195,640 shares in the last quarter. Euro Pacific Asset Management LLC lifted its holdings in shares of iShares Gold Trust by 36.9% during the 2nd quarter. Euro Pacific Asset Management LLC now owns 9,061 shares of the exchange traded fund’s stock valued at $565,000 after purchasing an additional 2,441 shares in the last quarter. Finally, TBH Global Asset Management LLC acquired a new position in shares of iShares Gold Trust in the 1st quarter valued at approximately $5,713,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock opened at $77.31 on Friday. The company’s 50 day moving average price is $70.79 and its two-hundred day moving average price is $65.48. iShares Gold Trust has a 52 week low of $48.29 and a 52 week high of $82.55. The company has a market capitalization of $64.43 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.