Golden State Wealth Management LLC Boosts Stock Position in iShares Gold Trust (NYSEARCA:IAU)

Golden State Wealth Management LLC lifted its stake in iShares Gold Trust (NYSEARCA:IAU) by 99.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,818 shares of the exchange traded fund’s stock after purchasing an additional 3,892 shares during the quarter. Golden State Wealth Management LLC’s holdings in iShares Gold Trust were worth $461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Confluence Wealth Services Inc. grew its holdings in iShares Gold Trust by 3.2% in the 1st quarter. Confluence Wealth Services Inc. now owns 43,530 shares of the exchange traded fund’s stock valued at $2,704,000 after buying an additional 1,358 shares in the last quarter. Sunbelt Securities Inc. boosted its position in shares of iShares Gold Trust by 48.1% during the 1st quarter. Sunbelt Securities Inc. now owns 373,552 shares of the exchange traded fund’s stock valued at $22,025,000 after acquiring an additional 121,290 shares during the last quarter. Crescent Grove Advisors LLC grew its holdings in shares of iShares Gold Trust by 2.6% in the first quarter. Crescent Grove Advisors LLC now owns 79,991 shares of the exchange traded fund’s stock valued at $4,716,000 after purchasing an additional 2,032 shares during the period. Tsfg LLC increased its position in iShares Gold Trust by 82.6% during the first quarter. Tsfg LLC now owns 117,217 shares of the exchange traded fund’s stock worth $6,911,000 after purchasing an additional 53,007 shares during the last quarter. Finally, TPG Advisors LLC raised its stake in iShares Gold Trust by 3.1% during the first quarter. TPG Advisors LLC now owns 28,897 shares of the exchange traded fund’s stock worth $1,704,000 after purchasing an additional 872 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

NYSEARCA:IAU opened at $62.87 on Friday. The company’s 50-day moving average is $62.65 and its two-hundred day moving average is $57.53. iShares Gold Trust has a 1-year low of $44.40 and a 1-year high of $65.00. The firm has a market capitalization of $47.36 billion, a price-to-earnings ratio of 5.53 and a beta of 0.15.

About iShares Gold Trust

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.