Well Done LLC Grows Holdings in iShares Gold Trust $IAU

Well Done LLC increased its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,718 shares of the exchange traded fund’s stock after purchasing an additional 7,727 shares during the quarter. iShares Gold Trust accounts for 2.0% of Well Done LLC’s investment portfolio, making the stock its 10th biggest position. Well Done LLC’s holdings in iShares Gold Trust were worth $13,451,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IAU. Abich Financial Wealth Management LLC bought a new position in shares of iShares Gold Trust during the third quarter valued at about $25,000. Mountain Hill Investment Partners Corp. bought a new stake in shares of iShares Gold Trust in the 3rd quarter valued at about $29,000. Fourth Dimension Wealth LLC lifted its stake in shares of iShares Gold Trust by 436.3% in the 3rd quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 349 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in iShares Gold Trust during the 3rd quarter valued at about $31,000. Finally, SOA Wealth Advisors LLC. boosted its holdings in iShares Gold Trust by 230.0% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 462 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 322 shares during the period. 59.67% of the stock is owned by institutional investors.

iShares Gold Trust Price Performance

IAU opened at $82.09 on Friday. The stock’s 50 day simple moving average is $93.38 and its 200 day simple moving average is $83.02. The firm has a market cap of $69.31 billion, a price-to-earnings ratio of 5.53 and a beta of 0.09. iShares Gold Trust has a 1 year low of $55.78 and a 1 year high of $104.40.

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iShares Gold Trust Company 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).

Further Reading

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

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