WESPAC Advisors SoCal LLC Makes New $280,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

WESPAC Advisors SoCal LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) during the third quarter, according to its most recent filing with the SEC. The firm purchased 5,628 shares of the exchange traded fund’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in iShares Gold Trust by 15.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,518,705 shares of the exchange traded fund’s stock worth $154,577,000 after buying an additional 479,796 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of iShares Gold Trust by 4,843.7% in the third quarter. International Assets Investment Management LLC now owns 234,037 shares of the exchange traded fund’s stock worth $11,632,000 after acquiring an additional 229,303 shares during the period. Prime Capital Investment Advisors LLC boosted its position in iShares Gold Trust by 2.1% during the second quarter. Prime Capital Investment Advisors LLC now owns 204,693 shares of the exchange traded fund’s stock worth $8,992,000 after purchasing an additional 4,189 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares Gold Trust by 66.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,460,596 shares of the exchange traded fund’s stock valued at $64,164,000 after buying an additional 581,671 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in iShares Gold Trust by 713.8% during the second quarter. Hsbc Holdings PLC now owns 758,903 shares of the exchange traded fund’s stock valued at $33,339,000 after purchasing an additional 665,653 shares in the last quarter. Hedge funds and other institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Trading Down 0.2 %

IAU stock opened at $48.37 on Friday. iShares Gold Trust has a 12-month low of $37.21 and a 12-month high of $52.69. The business’s 50-day moving average is $50.08 and its 200 day moving average is $46.89.

iShares Gold Trust Company Profile

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.