Bull Oak Capital LLC Takes $6 Million Position in iShares Gold Trust $IAU

Bull Oak Capital LLC purchased a new stake in iShares Gold Trust (NYSEARCA:IAU – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 96,172 shares of the exchange traded fund’s stock, valued at approximately $5,997,000. iShares Gold Trust makes up 2.7% of Bull Oak Capital LLC’s holdings, making the stock its 10th largest holding.

A number of other institutional investors have also modified their holdings of IAU. Envestnet Asset Management Inc. boosted its holdings in shares of iShares Gold Trust by 63.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,575,718 shares of the exchange traded fund’s stock valued at $1,036,264,000 after buying an additional 6,797,066 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of iShares Gold Trust by 29.6% in the 1st quarter. LPL Financial LLC now owns 11,182,842 shares of the exchange traded fund’s stock valued at $659,340,000 after buying an additional 2,552,405 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of iShares Gold Trust by 12,087.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,329,143 shares of the exchange traded fund’s stock valued at $82,885,000 after buying an additional 1,318,237 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of iShares Gold Trust in the 1st quarter valued at about $68,629,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of iShares Gold Trust by 1,357.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 981,332 shares of the exchange traded fund’s stock valued at $57,859,000 after buying an additional 913,987 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Stock Performance

NYSEARCA:IAU opened at $74.59 on Wednesday. iShares Gold Trust has a fifty-two week low of $48.29 and a fifty-two week high of $82.55. The stock has a market capitalization of $61.75 billion, a P/E ratio of 5.53 and a beta of 0.09. The company’s 50-day simple moving average is $71.27 and its 200-day simple moving average is $65.75.

About iShares Gold Trust

(Free Report)

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.

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