Bellecapital International Ltd. Invests $3.52 Million in iShares Gold Trust $IAU

Bellecapital International Ltd. purchased a new position in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 48,430 shares of the exchange traded fund’s stock, valued at approximately $3,524,000.

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

iShares Gold Trust News Summary

Here are the key news stories impacting iShares Gold Trust this week:

iShares Gold Trust Trading Up 1.2%

Shares of iShares Gold Trust stock opened at $85.34 on Friday. The company’s fifty day simple moving average is $78.66 and its two-hundred day simple moving average is $70.72. iShares Gold Trust has a 12-month low of $49.00 and a 12-month high of $85.69. The company has a market cap of $70.33 billion, a P/E ratio of 5.53 and a beta of 0.09.

iShares Gold Trust Profile

(Free Report)

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).

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Institutional Ownership by Quarter for iShares Gold Trust (NYSEARCA:IAU)

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