Advocacy Wealth Management Services LLC Grows Position in iShares Gold Trust $IAU

Advocacy Wealth Management Services LLC grew its stake in iShares Gold Trust (NYSEARCA:IAU) by 17.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,397 shares of the exchange traded fund’s stock after buying an additional 51,708 shares during the quarter. iShares Gold Trust makes up 1.4% of Advocacy Wealth Management Services LLC’s portfolio, making the stock its 24th biggest holding. Advocacy Wealth Management Services LLC’s holdings in iShares Gold Trust were worth $22,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Keener Financial Planning LLC purchased a new stake in iShares Gold Trust in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC bought a new position in shares of iShares Gold Trust in the second quarter worth approximately $25,000. Private Wealth Management Group LLC increased its stake in shares of iShares Gold Trust by 290.9% in the second quarter. Private Wealth Management Group LLC now owns 430 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 320 shares in the last quarter. Key Financial Inc purchased a new stake in shares of iShares Gold Trust in the second quarter worth $28,000. Finally, Traub Capital Management LLC bought a new stake in shares of iShares Gold Trust during the 2nd quarter valued at $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Performance

Shares of iShares Gold Trust stock opened at $79.41 on Monday. The company has a market capitalization of $65.44 billion, a P/E ratio of 5.53 and a beta of 0.09. The company has a fifty day moving average of $75.92 and a 200 day moving average of $68.12. iShares Gold Trust has a fifty-two week low of $48.83 and a fifty-two week high of $82.55.

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.