11,554 Shares in iShares Gold Trust $IAU Purchased by Rebalance LLC

Rebalance LLC purchased a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,554 shares of the exchange traded fund’s stock, valued at approximately $841,000.

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

iShares Gold Trust Price Performance

IAU opened at $84.34 on Friday. iShares Gold Trust has a fifty-two week low of $49.00 and a fifty-two week high of $84.71. The firm has a market capitalization of $69.50 billion, a P/E ratio of 5.53 and a beta of 0.09. The company’s 50-day moving average is $78.54 and its 200 day moving average is $70.50.

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. 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).