United Advisor Group LLC Invests $211,000 in iShares Gold Trust $IAU

United Advisor Group LLC bought a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,385 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of iShares Gold Trust in the fourth quarter valued at about $1,864,000. Bison Wealth LLC grew its stake in iShares Gold Trust by 78.5% in the 4th quarter. Bison Wealth LLC now owns 16,778 shares of the exchange traded fund’s stock valued at $831,000 after buying an additional 7,379 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in iShares Gold Trust by 21.0% in the 1st quarter. Crestwood Advisors Group LLC now owns 8,769 shares of the exchange traded fund’s stock valued at $517,000 after buying an additional 1,524 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in iShares Gold Trust by 25.1% in the 1st quarter. Venturi Wealth Management LLC now owns 24,801 shares of the exchange traded fund’s stock valued at $1,462,000 after acquiring an additional 4,979 shares during the period. Finally, Forbes J M & Co. LLP lifted its position in iShares Gold Trust by 3.7% during the first quarter. Forbes J M & Co. LLP now owns 1,447,400 shares of the exchange traded fund’s stock worth $85,339,000 after acquiring an additional 51,814 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.1%

Shares of NYSEARCA:IAU opened at $76.78 on Thursday. iShares Gold Trust has a 12-month low of $48.83 and a 12-month high of $82.55. The stock has a market cap of $63.27 billion, a PE ratio of 5.53 and a beta of 0.09. The business has a 50 day moving average of $74.68 and a 200-day moving average of $67.32.

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.