Aprio Wealth Management LLC increased its holdings in shares of iShares Gold Trust (NYSEARCA:IAU – Free Report) by 107.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,151 shares of the exchange traded fund’s stock after buying an additional 5,773 shares during the quarter. Aprio Wealth Management LLC’s holdings in iShares Gold Trust were worth $406,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in IAU. Financial Management Professionals Inc. raised its stake in iShares Gold Trust by 873.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 808 shares of the exchange traded fund’s stock worth $29,000 after buying an additional 725 shares during the period. Financial Freedom LLC bought a new stake in iShares Gold Trust during the 4th quarter worth approximately $30,000. Barrett & Company Inc. bought a new stake in iShares Gold Trust during the 1st quarter worth approximately $37,000. SJS Investment Consulting Inc. increased its stake in iShares Gold Trust by 42.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,012 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Finally, Salem Investment Counselors Inc. increased its stake in iShares Gold Trust by 191.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,103 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 725 shares in the last quarter. Institutional investors and hedge funds own 58.45% of the company’s stock.
iShares Gold Trust Price Performance
NYSEARCA IAU traded down $0.01 on Tuesday, reaching $36.61. The company had a trading volume of 2,748,193 shares, compared to its average volume of 4,812,063. iShares Gold Trust has a 1-year low of $30.69 and a 1-year high of $39.04. The company’s fifty day moving average is $36.60 and its 200-day moving average is $36.97.
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.
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