MGO One Seven LLC Grows Stock Holdings in iShares Gold Trust $IAU

MGO One Seven LLC lifted its holdings in iShares Gold Trust (NYSEARCA:IAUFree Report) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,935 shares of the exchange traded fund’s stock after acquiring an additional 61,597 shares during the quarter. iShares Gold Trust accounts for 0.6% of MGO One Seven LLC’s holdings, making the stock its 26th biggest position. MGO One Seven LLC’s holdings in iShares Gold Trust were worth $28,242,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First Horizon Corp purchased a new position in iShares Gold Trust in the third quarter valued at $1,863,000. MA Private Wealth boosted its stake in shares of iShares Gold Trust by 10.3% during the 3rd quarter. MA Private Wealth now owns 157,758 shares of the exchange traded fund’s stock worth $11,480,000 after acquiring an additional 14,705 shares in the last quarter. Copperleaf Capital LLC boosted its stake in shares of iShares Gold Trust by 363.2% during the 3rd quarter. Copperleaf Capital LLC now owns 47,867 shares of the exchange traded fund’s stock worth $3,483,000 after acquiring an additional 37,533 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its stake in shares of iShares Gold Trust by 18.9% during the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 450,443 shares of the exchange traded fund’s stock worth $32,779,000 after acquiring an additional 71,599 shares in the last quarter. Finally, WESCAP Management Group Inc. grew its position in shares of iShares Gold Trust by 7.0% during the 3rd quarter. WESCAP Management Group Inc. now owns 449,859 shares of the exchange traded fund’s stock valued at $32,726,000 after acquiring an additional 29,553 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

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iShares Gold Trust Stock Up 0.2%

NYSEARCA:IAU opened at $88.46 on Friday. iShares Gold Trust has a 52 week low of $59.71 and a 52 week high of $104.40. The stock’s 50-day moving average price is $90.41 and its 200-day moving average price is $86.28. The stock has a market capitalization of $75.31 billion, a PE ratio of 5.53 and a beta of 0.16.

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).

Further Reading

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

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