Benchmark Investment Advisors LLC Invests $533,000 in iShares Gold Trust $IAU

Benchmark Investment Advisors LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAUFree Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,320 shares of the exchange traded fund’s stock, valued at approximately $533,000.

A number of other hedge funds have also made changes to their positions in IAU. MTM Investment Management LLC purchased a new stake in iShares Gold Trust during the second quarter valued at about $25,000. Abich Financial Wealth Management LLC acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $25,000. Mountain Hill Investment Partners Corp. acquired a new stake in iShares Gold Trust in the 3rd quarter valued at $29,000. Traub Capital Management LLC purchased a new position in iShares Gold Trust in the second quarter valued at about $31,000. Finally, Fourth Dimension Wealth LLC raised its position in iShares Gold Trust by 436.3% in the third quarter. Fourth Dimension Wealth LLC now owns 429 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Stock Down 1.3%

IAU opened at $94.38 on Friday. iShares Gold Trust has a 52-week low of $55.78 and a 52-week high of $104.40. The firm has a market capitalization of $79.69 billion, a P/E ratio of 5.53 and a beta of 0.09. The firm’s 50 day moving average is $93.05 and its 200-day moving average is $81.68.

iShares Gold Trust News Roundup

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

iShares Gold Trust Company 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).

See Also

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

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