Wealth Enhancement Advisory Services LLC Has $33.66 Million Stock Position in iShares Gold Trust $IAU

Wealth Enhancement Advisory Services LLC grew its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 448,732 shares of the exchange traded fund’s stock after acquiring an additional 34,960 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.05% of iShares Gold Trust worth $33,659,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Keener Financial Planning LLC acquired a new position in shares of iShares Gold Trust during the 2nd quarter worth 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 grew its position in iShares Gold Trust by 290.9% during the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 320 shares in the last quarter. Key Financial Inc bought a new position in iShares Gold Trust during the 2nd quarter worth $28,000. Finally, Mountain Hill Investment Partners Corp. acquired a new position in iShares Gold Trust in the 3rd quarter valued at $29,000. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Stock Performance

IAU opened at $91.56 on Wednesday. iShares Gold Trust has a 52-week low of $51.51 and a 52-week high of $89.75. The business’s fifty day moving average is $81.45 and its 200-day moving average is $73.32. The firm has a market cap of $76.96 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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