Beacon Financial Group Purchases Shares of 30,173 iShares Gold Trust (NYSEARCA:IAU)

Beacon Financial Group acquired a new position in shares of iShares Gold Trust (NYSEARCA:IAU) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 30,173 shares of the exchange traded fund’s stock, valued at approximately $1,494,000.

Several other hedge funds have also modified their holdings of IAU. TCP Asset Management LLC grew its position in iShares Gold Trust by 3.0% during the third quarter. TCP Asset Management LLC now owns 6,672 shares of the exchange traded fund’s stock valued at $332,000 after acquiring an additional 195 shares during the period. Riggs Asset Managment Co. Inc. increased its position in iShares Gold Trust by 1.2% during the 4th quarter. Riggs Asset Managment Co. Inc. now owns 17,269 shares of the exchange traded fund’s stock worth $850,000 after purchasing an additional 212 shares in the last quarter. Baker Avenue Asset Management LP raised its holdings in iShares Gold Trust by 2.9% in the third quarter. Baker Avenue Asset Management LP now owns 7,517 shares of the exchange traded fund’s stock valued at $374,000 after buying an additional 215 shares during the period. SeaCrest Wealth Management LLC raised its holdings in iShares Gold Trust by 2.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 8,287 shares of the exchange traded fund’s stock valued at $410,000 after buying an additional 215 shares during the period. Finally, Avaii Wealth Management LLC lifted its stake in shares of iShares Gold Trust by 1.7% during the third quarter. Avaii Wealth Management LLC now owns 14,814 shares of the exchange traded fund’s stock worth $736,000 after purchasing an additional 249 shares in the last quarter. 59.67% of the stock is owned by institutional investors and hedge funds.

iShares Gold Trust Stock Down 0.3 %

Shares of NYSEARCA IAU opened at $54.69 on Wednesday. iShares Gold Trust has a 1-year low of $37.53 and a 1-year high of $54.94. The business has a 50-day moving average of $50.88 and a 200-day moving average of $49.60.

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.