Silverlake Wealth Management LLC Raises Stock Holdings in iShares Gold Trust $IAU

Silverlake Wealth Management LLC grew its stake in shares of iShares Gold Trust (NYSEARCA:IAU) by 50.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,555 shares of the exchange traded fund’s stock after purchasing an additional 11,276 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,092,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IAU. Bryn Mawr Trust Advisors LLC boosted its stake in iShares Gold Trust by 79.9% in the second quarter. Bryn Mawr Trust Advisors LLC now owns 51,910 shares of the exchange traded fund’s stock valued at $3,237,000 after acquiring an additional 23,054 shares in the last quarter. Americana Partners LLC raised its stake in iShares Gold Trust by 9.0% in the second quarter. Americana Partners LLC now owns 26,166 shares of the exchange traded fund’s stock valued at $1,632,000 after buying an additional 2,158 shares during the last quarter. Stokes Family Office LLC raised its stake in iShares Gold Trust by 2.7% in the second quarter. Stokes Family Office LLC now owns 93,539 shares of the exchange traded fund’s stock valued at $5,833,000 after buying an additional 2,491 shares during the last quarter. Alpha Cubed Investments LLC boosted its holdings in iShares Gold Trust by 110.2% in the second quarter. Alpha Cubed Investments LLC now owns 9,093 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 4,768 shares in the last quarter. Finally, Advocacy Wealth Management Services LLC grew its stake in shares of iShares Gold Trust by 17.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 355,397 shares of the exchange traded fund’s stock worth $22,163,000 after acquiring an additional 51,708 shares during the last quarter. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Up 0.6%

Shares of iShares Gold Trust stock opened at $80.99 on Friday. The company has a 50 day moving average price of $77.50 and a 200 day moving average price of $69.31. The firm has a market capitalization of $66.74 billion, a P/E ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 52 week low of $48.83 and a 52 week high of $82.55.

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.