Advyzon Investment Management LLC Boosts Stake in iShares Gold Trust $IAU

Advyzon Investment Management LLC lifted its holdings in shares of iShares Gold Trust (NYSEARCA:IAUFree Report) by 340.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,816 shares of the exchange traded fund’s stock after acquiring an additional 67,107 shares during the period. iShares Gold Trust accounts for about 1.1% of Advyzon Investment Management LLC’s holdings, making the stock its 18th biggest position. Advyzon Investment Management LLC’s holdings in iShares Gold Trust were worth $6,318,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. MTM Investment Management LLC acquired a new position in iShares Gold Trust in the second quarter valued at $25,000. Abich Financial Wealth Management LLC purchased a new position in shares of iShares Gold Trust during the third quarter worth about $25,000. Key Financial Inc acquired a new position in iShares Gold Trust in the 2nd quarter valued at about $28,000. Mountain Hill Investment Partners Corp. purchased a new stake in iShares Gold Trust during the 3rd quarter valued at approximately $29,000. Finally, Traub Capital Management LLC acquired a new stake in iShares Gold Trust during the 2nd quarter worth approximately $31,000. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust News Summary

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iShares Gold Trust Trading Up 1.9%

NYSEARCA:IAU opened at $95.95 on Friday. iShares Gold Trust has a 12-month low of $53.44 and a 12-month high of $104.40. The stock’s 50 day simple moving average is $88.64 and its 200-day simple moving average is $78.15. The firm has a market cap of $81.02 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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