Beacon Financial Advisory LLC Makes New Investment in iShares Gold Trust (NYSEARCA:IAU)

Beacon Financial Advisory LLC purchased a new position in iShares Gold Trust (NYSEARCA:IAU) in the third quarter, HoldingsChannel reports. The firm purchased 4,141 shares of the exchange traded fund’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCP Asset Management LLC lifted its holdings in iShares Gold Trust by 3.0% in the 3rd 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 last quarter. Howard Financial Services LTD. raised its position in shares of iShares Gold Trust by 2.9% during the third quarter. Howard Financial Services LTD. now owns 7,774 shares of the exchange traded fund’s stock worth $386,000 after purchasing an additional 220 shares during the period. Avaii Wealth Management LLC lifted its holdings 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 valued at $736,000 after purchasing an additional 249 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of iShares Gold Trust by 1.4% during the first quarter. EP Wealth Advisors LLC now owns 18,635 shares of the exchange traded fund’s stock valued at $783,000 after purchasing an additional 262 shares during the last quarter. Finally, OMNI 360 Wealth Inc. lifted its stake in iShares Gold Trust by 5.0% during the third quarter. OMNI 360 Wealth Inc. now owns 5,632 shares of the exchange traded fund’s stock valued at $280,000 after buying an additional 270 shares in the last quarter. 59.67% of the stock is currently owned by institutional investors.

iShares Gold Trust Price Performance

iShares Gold Trust stock opened at $50.23 on Thursday. iShares Gold Trust has a fifty-two week low of $36.57 and a fifty-two week high of $52.69. The firm’s 50 day simple moving average is $49.78 and its 200-day simple moving average is $46.65.

iShares Gold Trust Company 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.