Midwest Capital Advisors LLC Buys 14,553 Shares of iShares Gold Trust $IAU

Midwest Capital Advisors LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 32.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,860 shares of the exchange traded fund’s stock after purchasing an additional 14,553 shares during the quarter. iShares Gold Trust makes up approximately 1.8% of Midwest Capital Advisors LLC’s holdings, making the stock its 16th biggest holding. Midwest Capital Advisors LLC’s holdings in iShares Gold Trust were worth $4,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Retirement Planning Group LLC increased its holdings in shares of iShares Gold Trust by 0.7% in the 3rd quarter. Retirement Planning Group LLC now owns 19,160 shares of the exchange traded fund’s stock valued at $1,496,000 after acquiring an additional 130 shares during the last quarter. Euro Pacific Asset Management LLC lifted its position in shares of iShares Gold Trust by 3.9% in the 3rd quarter. Euro Pacific Asset Management LLC now owns 3,504 shares of the exchange traded fund’s stock worth $293,000 after buying an additional 131 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of iShares Gold Trust by 4.0% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 3,724 shares of the exchange traded fund’s stock valued at $291,000 after buying an additional 142 shares during the period. Revolve Wealth Partners LLC raised its stake in iShares Gold Trust by 3.8% during the third quarter. Revolve Wealth Partners LLC now owns 3,953 shares of the exchange traded fund’s stock worth $309,000 after acquiring an additional 143 shares during the period. Finally, Retirement Wealth Solutions LLC grew its holdings in shares of iShares Gold Trust by 2.4% during the second quarter. Retirement Wealth Solutions LLC now owns 6,163 shares of the exchange traded fund’s stock valued at $465,000 after purchasing an additional 145 shares during the last quarter. 59.67% of the stock is currently owned by institutional investors and hedge funds.

iShares Gold Trust Trading Up 1.8%

Shares of iShares Gold Trust stock opened at $77.78 on Tuesday. The stock has a market capitalization of $61.34 billion, a price-to-earnings ratio of 5.53 and a beta of 0.20. The business’s 50 day simple moving average is $78.80 and its 200-day simple moving average is $84.27. iShares Gold Trust has a twelve month low of $72.71 and a twelve month high of $104.40.

iShares Gold Trust 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).