Pullen Investment Management LLC Raises Stock Holdings in iShares Gold Trust $IAU

Pullen Investment Management LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAU) by 9.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,398 shares of the exchange traded fund’s stock after acquiring an additional 542 shares during the quarter. Pullen Investment Management LLC’s holdings in iShares Gold Trust were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of iShares Gold Trust by 105.5% during the second quarter. Brighton Jones LLC now owns 11,775 shares of the exchange traded fund’s stock valued at $734,000 after acquiring an additional 6,045 shares during the last quarter. Leavell Investment Management Inc. increased its position in shares of iShares Gold Trust by 3.2% during the second quarter. Leavell Investment Management Inc. now owns 240,586 shares of the exchange traded fund’s stock valued at $15,003,000 after acquiring an additional 7,560 shares during the last quarter. Focus Partners Advisor Solutions LLC increased its position in iShares Gold Trust by 4.1% in the second quarter. Focus Partners Advisor Solutions LLC now owns 80,916 shares of the exchange traded fund’s stock worth $5,046,000 after buying an additional 3,208 shares during the last quarter. DDD Partners LLC purchased a new stake in iShares Gold Trust in the second quarter worth $239,000. Finally, Moment Partners LLC raised its stake in shares of iShares Gold Trust by 10.7% in the second quarter. Moment Partners LLC now owns 4,125 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 400 shares during the period. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

Shares of NYSEARCA IAU opened at $77.31 on Friday. The stock has a market capitalization of $64.43 billion, a PE ratio of 5.53 and a beta of 0.15. iShares Gold Trust has a one year low of $48.29 and a one year high of $82.55. The business’s fifty day moving average price is $70.79 and its 200-day moving average price is $65.48.

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.