Midwest Trust Co Takes $9.45 Million Position in iShares Gold Trust $IAU

Midwest Trust Co bought a new position in iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 151,481 shares of the exchange traded fund’s stock, valued at approximately $9,446,000.

Several other hedge funds and other institutional investors have also modified their holdings of IAU. Keener Financial Planning LLC bought a new stake in iShares Gold Trust in the second quarter valued at $25,000. BankPlus Trust Department bought a new position in shares of iShares Gold Trust during the first quarter valued at $27,000. Private Wealth Management Group LLC boosted its stake in shares of iShares Gold Trust by 290.9% in the 2nd quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 320 shares in the last quarter. Key Financial Inc acquired a new stake in shares of iShares Gold Trust in the 2nd quarter valued at $28,000. Finally, Garrison Bradford & Associates Inc. bought a new stake in shares of iShares Gold Trust in the 1st quarter worth about $29,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.6%

Shares of iShares Gold Trust stock opened at $75.43 on Monday. iShares Gold Trust has a 12-month low of $48.29 and a 12-month high of $82.55. The stock has a market capitalization of $62.16 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a 50-day simple moving average of $73.08 and a 200 day simple moving average of $66.49.

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.