iShares Gold Trust $IAU Shares Acquired by Midwest Capital Advisors LLC

Midwest Capital Advisors LLC lifted its position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 40.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 103,931 shares of the exchange traded fund’s stock after buying an additional 29,837 shares during the period. iShares Gold Trust accounts for approximately 3.6% of Midwest Capital Advisors LLC’s portfolio, making the stock its 9th largest holding. Midwest Capital Advisors LLC’s holdings in iShares Gold Trust were worth $7,563,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IAU. Plan Group Financial LLC lifted its stake in shares of iShares Gold Trust by 7.4% during the 3rd quarter. Plan Group Financial LLC now owns 59,213 shares of the exchange traded fund’s stock worth $4,309,000 after purchasing an additional 4,067 shares during the period. Obermeyer Wealth Partners grew its position in shares of iShares Gold Trust by 113.1% in the third quarter. Obermeyer Wealth Partners now owns 14,978 shares of the exchange traded fund’s stock valued at $1,090,000 after purchasing an additional 7,950 shares during the period. Hoxton Planning & Management LLC increased its stake in iShares Gold Trust by 61.9% in the third quarter. Hoxton Planning & Management LLC now owns 23,422 shares of the exchange traded fund’s stock valued at $1,704,000 after purchasing an additional 8,959 shares during the last quarter. WESPAC Advisors LLC lifted its position in iShares Gold Trust by 4.6% during the third quarter. WESPAC Advisors LLC now owns 26,874 shares of the exchange traded fund’s stock worth $1,956,000 after buying an additional 1,188 shares during the period. Finally, Mountain Hill Investment Partners Corp. purchased a new position in iShares Gold Trust during the third quarter worth about $29,000. 59.67% of the stock is owned by hedge funds and other institutional investors.

iShares Gold Trust Price Performance

IAU opened at $86.36 on Wednesday. The stock has a market capitalization of $72.52 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. The business has a 50-day moving average of $80.34 and a two-hundred day moving average of $72.47. iShares Gold Trust has a 12 month low of $50.21 and a 12 month high of $87.38.

Key iShares Gold Trust News

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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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