Twelve Points Wealth Management LLC Has $2.63 Million Stock Holdings in iShares Gold Trust $IAU

Twelve Points Wealth Management LLC increased its position in iShares Gold Trust (NYSEARCA:IAUFree Report) by 88.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,086 shares of the exchange traded fund’s stock after buying an additional 16,904 shares during the period. Twelve Points Wealth Management LLC’s holdings in iShares Gold Trust were worth $2,626,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Keener Financial Planning LLC bought a new stake in iShares Gold Trust during the 2nd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $25,000. Private Wealth Management Group LLC boosted its position in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 320 shares during the period. Key Financial Inc acquired a new stake in shares of iShares Gold Trust in the second quarter worth $28,000. Finally, Traub Capital Management LLC bought a new position in iShares Gold Trust during the second quarter worth $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of IAU opened at $83.71 on Tuesday. The company has a 50-day simple moving average of $79.13 and a 200-day simple moving average of $71.53. iShares Gold Trust has a 52 week low of $49.51 and a 52 week high of $85.68. The firm has a market capitalization of $70.52 billion, a P/E ratio of 5.53 and a beta of 0.09.

Key Headlines Impacting iShares Gold Trust

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iShares Gold Trust Profile

(Free Report)

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. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (the Sponsor), which is an indirect subsidiary of BlackRock, Inc The trustee of the Trust is The Bank of New York Mellon (the Trustee) and the custodian of the Trust is JPMorgan Chase Bank N.A., London branch (the Custodian).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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