308,614 Shares in iShares Gold Trust (NYSEARCA:IAU) Acquired by Gimbal Financial

Gimbal Financial bought a new stake in shares of iShares Gold Trust (NYSEARCA:IAU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 308,614 shares of the exchange traded fund’s stock, valued at approximately $14,082,000. iShares Gold Trust makes up approximately 10.4% of Gimbal Financial’s investment portfolio, making the stock its 4th largest position.

Several other hedge funds have also made changes to their positions in the company. Wealth Management Partners LLC boosted its stake in shares of iShares Gold Trust by 1.1% during the second quarter. Wealth Management Partners LLC now owns 198,716 shares of the exchange traded fund’s stock valued at $8,730,000 after purchasing an additional 2,195 shares in the last quarter. Howard Financial Services LTD. raised its holdings in iShares Gold Trust by 4.4% in the second quarter. Howard Financial Services LTD. now owns 7,554 shares of the exchange traded fund’s stock worth $332,000 after purchasing an additional 316 shares in the last quarter. Cardinal Point Capital Management ULC lifted its position in shares of iShares Gold Trust by 1.3% during the second quarter. Cardinal Point Capital Management ULC now owns 454,417 shares of the exchange traded fund’s stock valued at $19,963,000 after buying an additional 5,930 shares during the last quarter. Maltin Wealth Management Inc. boosted its holdings in shares of iShares Gold Trust by 1.8% in the 2nd quarter. Maltin Wealth Management Inc. now owns 123,436 shares of the exchange traded fund’s stock valued at $5,423,000 after buying an additional 2,152 shares in the last quarter. Finally, Twelve Points Wealth Management LLC raised its stake in shares of iShares Gold Trust by 8.9% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 106,584 shares of the exchange traded fund’s stock worth $4,682,000 after acquiring an additional 8,702 shares in the last quarter. 59.67% of the stock is currently owned by hedge funds and other institutional investors.

iShares Gold Trust Stock Performance

Shares of IAU stock traded up $0.12 during trading hours on Friday, reaching $45.89. 4,178,505 shares of the company’s stock were exchanged, compared to its average volume of 6,363,738. iShares Gold Trust has a fifty-two week low of $34.35 and a fifty-two week high of $46.93. The stock’s 50 day moving average is $44.79 and its 200-day moving average is $42.85.

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.