Strategic Wealth Partners Ltd. grew its holdings in iShares Gold Trust (NYSEARCA:IAU) by 100.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,990 shares of the exchange traded fund’s stock after acquiring an additional 6,016 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in iShares Gold Trust were worth $161,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Destination Wealth Management grew its holdings in shares of iShares Gold Trust by 90.4% during the second quarter. Destination Wealth Management now owns 2,393 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 1,136 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of iShares Gold Trust during the first quarter worth about $32,000. Investors Research Corp bought a new position in shares of iShares Gold Trust during the first quarter worth about $35,000. Parallel Advisors LLC grew its holdings in shares of iShares Gold Trust by 127.9% during the second quarter. Parallel Advisors LLC now owns 3,877 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 2,176 shares in the last quarter. Finally, Arcus Capital Partners LLC bought a new position in shares of iShares Gold Trust during the second quarter worth about $59,000.
Shares of NYSEARCA:IAU traded up $0.28 during mid-day trading on Friday, reaching $14.62. 25,597,367 shares of the stock were exchanged, compared to its average volume of 17,029,607. iShares Gold Trust has a one year low of $11.33 and a one year high of $14.64. The stock’s 50 day simple moving average is $13.88 and its 200-day simple moving average is $12.89.
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.
Further Reading: Operating Income
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