Rothschild Investment LLC Makes New $129,000 Investment in iShares Gold Trust (NYSEARCA:IAU)

Rothschild Investment LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,928 shares of the exchange traded fund’s stock, valued at approximately $129,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Ocean LLC bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at about $29,000. Global Trust Asset Management LLC raised its stake in iShares Gold Trust by 250.0% in the second quarter. Global Trust Asset Management LLC now owns 700 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 500 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Gold Trust in the second quarter valued at approximately $31,000. Opal Wealth Advisors LLC bought a new position in shares of iShares Gold Trust during the 2nd quarter worth approximately $34,000. Finally, Pingora Partners LLC bought a new position in shares of iShares Gold Trust during the 4th quarter worth approximately $31,000. Institutional investors own 59.67% of the company’s stock.

iShares Gold Trust Price Performance

IAU stock opened at $47.09 on Wednesday. The business’s 50 day simple moving average is $45.87 and its 200 day simple moving average is $43.94. iShares Gold Trust has a 1-year low of $34.35 and a 1-year high of $47.83.

iShares Gold Trust 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.