Stableford Capital II LLC Grows Holdings in iShares Gold Trust (NYSEARCA:IAU)

Stableford Capital II LLC boosted its position in iShares Gold Trust (NYSEARCA:IAU) by 63.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 101,347 shares of the exchange traded fund’s stock after acquiring an additional 39,281 shares during the period. iShares Gold Trust comprises approximately 2.0% of Stableford Capital II LLC’s holdings, making the stock its 13th biggest holding. Stableford Capital II LLC’s holdings in iShares Gold Trust were worth $5,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IAU. Southland Equity Partners LLC boosted its position in iShares Gold Trust by 21.8% during the 1st quarter. Southland Equity Partners LLC now owns 8,870 shares of the exchange traded fund’s stock worth $373,000 after purchasing an additional 1,590 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in iShares Gold Trust by 8.0% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 24,619 shares of the exchange traded fund’s stock worth $1,034,000 after acquiring an additional 1,830 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in iShares Gold Trust by 5.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 7,845 shares of the exchange traded fund’s stock valued at $330,000 after purchasing an additional 436 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of iShares Gold Trust by 13.0% during the first quarter. Geneos Wealth Management Inc. now owns 3,446 shares of the exchange traded fund’s stock valued at $145,000 after acquiring an additional 396 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of iShares Gold Trust by 15.8% in the second quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock valued at $154,577,000 after purchasing an additional 479,796 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 0.8 %

Shares of iShares Gold Trust stock opened at $50.67 on Wednesday. The business’s fifty day moving average price is $48.27 and its two-hundred day moving average price is $45.84. iShares Gold Trust has a 1-year low of $36.33 and a 1-year high of $50.68.

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.