iShares Gold Trust (NYSEARCA:IAU) Stock Holdings Boosted by Biltmore Family Office LLC

Biltmore Family Office LLC raised its stake in iShares Gold Trust (NYSEARCA:IAU) by 2.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 722,865 shares of the exchange traded fund’s stock after acquiring an additional 16,996 shares during the period. iShares Gold Trust makes up 5.8% of Biltmore Family Office LLC’s investment portfolio, making the stock its 3rd largest position. Biltmore Family Office LLC’s holdings in iShares Gold Trust were worth $31,755,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in iShares Gold Trust in the second quarter valued at approximately $76,000. Beam Wealth Advisors Inc. purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $567,000. Hutchinson Capital Management CA purchased a new position in shares of iShares Gold Trust during the second quarter worth approximately $1,016,000. Sachetta LLC grew its position in shares of iShares Gold Trust by 5.3% during the second quarter. Sachetta LLC now owns 11,280 shares of the exchange traded fund’s stock worth $513,000 after acquiring an additional 565 shares during the last quarter. Finally, Choreo LLC grew its position in shares of iShares Gold Trust by 6.7% during the second quarter. Choreo LLC now owns 106,867 shares of the exchange traded fund’s stock worth $4,708,000 after acquiring an additional 6,690 shares during 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 opened at $47.56 on Wednesday. The company’s 50 day simple moving average is $46.21 and its 200-day simple moving average is $44.26. iShares Gold Trust has a 12-month low of $34.35 and a 12-month high of $47.83.

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.