Mather Group LLC. Acquires 12,826 Shares of iShares Gold Trust $IAU

Mather Group LLC. grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 74.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 30,109 shares of the exchange traded fund’s stock after buying an additional 12,826 shares during the period. Mather Group LLC.’s holdings in iShares Gold Trust were worth $1,878,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Roger Wittlin Investment Advisory LLC increased its holdings in iShares Gold Trust by 118.5% in the 2nd quarter. Roger Wittlin Investment Advisory LLC now owns 9,130 shares of the exchange traded fund’s stock worth $569,000 after acquiring an additional 4,952 shares in the last quarter. EWG Elevate Inc. boosted its position in shares of iShares Gold Trust by 1.5% in the second quarter. EWG Elevate Inc. now owns 40,623 shares of the exchange traded fund’s stock worth $2,533,000 after purchasing an additional 581 shares during the period. Financial Management Professionals Inc. increased its stake in shares of iShares Gold Trust by 25.2% in the second quarter. Financial Management Professionals Inc. now owns 1,009 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 203 shares in the last quarter. Norden Group LLC purchased a new stake in shares of iShares Gold Trust in the second quarter worth $209,000. Finally, Fifth Third Bancorp raised its position in shares of iShares Gold Trust by 21.9% during the 2nd quarter. Fifth Third Bancorp now owns 6,812 shares of the exchange traded fund’s stock valued at $425,000 after purchasing an additional 1,226 shares during the period. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $70.29 on Thursday. The company has a market capitalization of $53.85 billion, a P/E ratio of 5.53 and a beta of 0.15. The company has a fifty day moving average of $65.24 and a 200 day moving average of $62.56. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $71.40.

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.