Midwest Capital Advisors LLC Acquires 14,553 Shares of iShares Gold Trust $IAU

Midwest Capital Advisors LLC boosted its stake in iShares Gold Trust (NYSEARCA:IAU) by 32.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 58,860 shares of the exchange traded fund’s stock after acquiring an additional 14,553 shares during the quarter. iShares Gold Trust comprises 1.8% of Midwest Capital Advisors LLC’s holdings, making the stock its 16th biggest position. Midwest Capital Advisors LLC’s holdings in iShares Gold Trust were worth $4,597,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in iShares Gold Trust by 1.3% during the second quarter. BlackRock Inc. now owns 8,732,671 shares of the exchange traded fund’s stock worth $659,404,000 after buying an additional 109,246 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of iShares Gold Trust by 5.7% in the second quarter. Proficio Capital Partners LLC now owns 2,191,169 shares of the exchange traded fund’s stock valued at $165,455,000 after buying an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares Gold Trust by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,840,038 shares of the exchange traded fund’s stock valued at $138,941,000 after acquiring an additional 149,558 shares during the last quarter. AlTi Global Inc. lifted its position in shares of iShares Gold Trust by 5.4% during the 2nd quarter. AlTi Global Inc. now owns 1,651,446 shares of the exchange traded fund’s stock valued at $124,701,000 after acquiring an additional 84,457 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of iShares Gold Trust by 2.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,295,573 shares of the exchange traded fund’s stock valued at $114,218,000 after acquiring an additional 34,076 shares during the last quarter. Institutional investors and hedge funds own 59.67% of the company’s stock.

iShares Gold Trust Stock Up 1.8%

IAU opened at $77.78 on Tuesday. The firm has a market cap of $61.34 billion, a PE ratio of 5.53 and a beta of 0.20. The business has a fifty day simple moving average of $78.80 and a 200-day simple moving average of $84.27. iShares Gold Trust has a fifty-two week low of $72.71 and a fifty-two week high of $104.40.

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. 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).